"Cryptocurrencies are on the rise again! #ReboundRally brings new opportunities for investors. Now is the perfect time to analyze the market and look for promising assets. Stay on trend and leverage this movement to your advantage!"
As per our projection for Bitcoin in 2024, the coin is expected to attain a maximum of $76,059.73, accompanied by a potential minimum of around $38,537.02 during the same year.
Below is a summary of BTC long-term price prediction from 2024 to 2050 with Bitcoin price predicted to reach the highest point of $76,059.73 in 2024 and $243,542.1 in 2040. In the following years BTC price prediction is made feasible by examining past price behavior, current events, and public opinion.
P.S. This forecast utilizes AI technology to project the price of Bitcoin over the upcoming days. It factors in the recent hourly prices of BTC and the present market trend, although the actual price may differ.
Avalanche Investors May Move to Sell Avalanche is currently trading around $53 and is poised to fall further. However, if the altcoin falls, it will take about $1 billion worth of tokens out of the realm of possible gains and into the realm of certain losses. The Global In/Out of Money (GIOM) metric shows supply purchased at certain price levels and its current status. Nearly 22 million AVAX purchased between $51 and $56 will fall into the clutches of the bears if the Avalanche price records a fall below $51.
Cryptocurrency exchange Binance, in an official statement on March 12, announced a new step aimed at enhancing trading in trending cryptocurrencies. This happened against the backdrop of massive demand for meme coins and game tokens. Users can start trading to automatically receive a one-hour interest fee waiver from March 12 to March 26 at 11am GMT. Binance announced key meme coins including BONK, DOGE, FLOKI, MEME, PEPE, SHIB and WIF. Gaming tokens include BNX, GALA, PIXEL, PORTAL and YGG. The exchange has also expanded support for 1000SATS.
As Bitcoin enters price discovery mode and reaches new ATHs a year earlier than usual, we may be witnessing the death of the 4-year cycle. Our perfectly structured cycles used to suggest a top at the end of 2025, but now it looks like we are on track for a top at the end of 2024. Since our cycle is just now breaking into new ATHs, we are comparing it to 2017. Cycles 1 and 3 (2013 and 2021) were close to forming their first tops in April around this time.
📢 Latest news 🚨🚨🚨 🚨 BLACKROCK, a $9 trillion company, makes a bold statement about Bitcoin! 🚨 In a live television broadcast, the company's CEO Larry Fink said that "Bitcoin can serve as a wonderful long-term store of value." The announcement marks a significant shift in sentiment towards the cryptocurrency, sending ultra-bullish signals across all financial markets. 📈🔥
MetaMask tests Mastercard payment card for spending cryptocurrencies According to CoinDesk, MetaMask is testing a Mastercard payment card that it claims is the first all-crypto card. This card will allow users to spend cryptocurrency on everyday purchases in places where the card is accepted. MetaMask, a popular cryptocurrency wallet for the Ethereum blockchain, has over 30 million monthly active users. Mastercard, on the other hand, is a major player in the traditional financial system, with a network of credit and debit cards that spans the globe.
South Korea's ruling People Power Party has indefinitely postponed its proposal to ease cryptocurrency restrictions, including lifting a ban on local Bitcoin spot exchange-traded funds (BTC), according to local sources. According to a report by local media outlet Chosun Biz, the party's reneging on its promises may be due to difficulties in coordinating cryptocurrency policy with the government and financial authorities.
Related: South Korean Province Implements Digital System to Track Cryptocurrencies of Tax Evaders According to a local report, the People Power Party was considering a proposal to delay the taxation of virtual assets for two years and allow corporate investment in virtual assets. However, this plan was not finalized due to insufficient consultation with relevant ministries and concerns about possible significant losses, especially in the case of corporate participation in virtual assets. South Korea's Financial Supervisory Service (FSS), the country's top financial regulator, intends to seek guidance from the US Securities and Exchange Commission.
🚀 Shiba Inu's 13% rise in active addresses could signal increasing interest and a potential price rally.
🔥The combustion mechanism and progress of Shibarium can also positively affect the value of SHIB.
According to IntoTheBlock, daily active SHIB addresses have exceeded 3,500. This could indicate growing demand for the asset and greater interest from investors. The Shiba Inu team implemented a burning mechanism aimed at reducing the circulating supply of the coin. More than 410 trillion SHIB tokens (roughly 41% of the maximum total supply) were destroyed.
In addition to this, the development of a second layer blockchain solution - Shibarium - could positively impact the price of SHIB. The total number of transactions has exceeded 360 million, and the number of wallets is approaching 1.5 million.
- 🛒 Savings Tip: The overriding sentiment emerging from these forecasts is the importance of accumulating Bitcoin to prepare for potential all-time highs.
📈💡🌐 Bitcoin: Riding Speculative Waves and Accepting Institutional Takeover - 💰 Max Kaiser's Optimistic Forecast: Bitcoin proponent Max Kaiser is forecasting an impressive $500,000 target, attributing it to the looming "global fiat apocalypse" as the catalyst for Bitcoin's rise.
- 🌐 Concerns about the stock market: Various experts, including Anthony Pompliano, have expressed doubts about the stock market peak, pointing out that famous figures such as Jeff Bezos and Bill Gates liquidated significant amounts of shares.
- 📈 Michael van de Poppe's "Bold Prediction": Suggests that Bitcoin will reach an unusually high level of $300,000-$600,000, supported by increased interest from financial institutions and the recent emergence of spot Bitcoin ETFs.
- 🔄 Expected Market Corrections: Van de Poppe predicts significant corrections leading up to this sharp rise, highlighting the inherent volatility of cryptocurrency markets.
- 🏦 Influence of Institutions: The institutional cycle plays a key role in the widespread adoption of Bitcoin: large institutions such as BlackRock, Fidelity, VanEck and Ark Invest have significantly increased their Bitcoin holdings.
- ⚖️ Grayscale's Unique Position: While other institutions are stockpiling funds, Grayscale continues to divest from Bitcoin, creating intriguing dynamics in the market.
- 📊 Fidelity Triumph: Fidelity leads the competition in daily Bitcoin acquisitions, collecting 3,061 BTC worth $156 million, beating BlackRock in this particular round.
- 🌐 Global Economic Landscape: Kaiser links Bitcoin's rise to the broader financial crisis, positioning it as the ultimate safe haven.
More than $168 million was liquidated on the crypto market in 24 hours
According to Foresight News, data from Coinglass shows that approximately $168 million worth of positions were liquidated in the cryptocurrency market in the last 24 hours. Of that amount, short positions accounted for more than 67%, or $114 million. Bitcoin liquidations totaled $69.54 million, while Ethereum liquidations totaled $27.24 million.