Why Altcoins Will Get Left Behind in the 2024 Crypto Bull Run
In this episode of Crypto Daily, we're unpacking a treasure trove of developments that are reshaping the way we interact with, invest in, and perceive the digital currency world.
Meanwhile $HIVE is up! Finally pushed over $0.40. Love to see it 🐝
- Coinbase Adds Smart Wallet Feature | On Crypto Usability Improving Each Year
- Will Bitcoin Profits Flow into Alts this Cycle? (2)
- Morgan Stanley Evaluating BTC ETFs to Offer to Their Clients (On BTC ETFs Reaching $100B+ to Surpass Gold ETFs)
- Bitcoin is 5% Away From All-Time Highs, Yet 80% Hasn't Moved in 6 Months
- BTC ETF Trading Volume Surpasses $7.5B Today, 2x The Previous Record
- Microstrategy Now Large Enough to Be Listed in the S&P500
- Over 10k BTC Purchased by ETFs Yesterday While Only 900 Produced by Miners
First up, Coinbase is not just stepping up its game; it's changing it. With the introduction of Smart Wallet features, crypto usability is on an exponential rise, making this year's advancements look like child's play compared to what's coming. Dive into how this leap forward is making crypto more accessible and why it's a game-changer for both novices and veterans.
As Bitcoin teeters on the brink of all-time highs, a tantalizing question emerges: Will Bitcoin's profits cascade into the altcoin market this cycle? We're exploring the potential for a ripple effect that could see altcoins riding the wave of Bitcoin's success.
Morgan Stanley is eyeing Bitcoin ETFs, contemplating offering them to their clients as these ETFs flirt with the idea of surpassing $100B, aiming to outshine gold ETFs. What does this mean for the crypto market, and how might it alter the investment landscape?
Despite nearing all-time highs, a staggering 80% of Bitcoin hasn't budged in six months. We're delving into what this signifies for market stability, investor sentiment, and the long-term outlook of Bitcoin's value.
Today, BTC ETF trading volume shattered records, doubling the previous high with a whopping $7.5B. This monumental surge is not just a number; it's a testament to the growing confidence and interest in cryptocurrency as a mainstream investment option.
Microstrategy, a titan in the Bitcoin investment realm, has grown so significantly that it's now poised to join the ranks of the S&P 500. We're examining the implications of this milestone for the company and the broader crypto ecosystem.
In a single day, ETFs snapped up over 10k BTC, dwarfing the 900 BTC produced by miners. This disparity highlights the intense demand and limited supply driving the market dynamics. What does this mean for the future of Bitcoin mining and the overall supply-demand equilibrium?
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interresting text for future investing!
Good news, Putting money on crypto going to be very profitable.
I think it means that BITCOIN will continue to grow until 2030. There will be lows, but given the premises and what is happening with ETFs, I think that BITCOIN will update its highs until 2030
I do understand their reasoning saying the ETF Bitcoins will not be sold so those funds will not flow back into altcoins. I still think altcoins will out perform Bitcoin long term when it comes to growth and why I am not bothered holding any Bitcoin.
Altcoin industry will definitely benefit from the surge, it's a natter of time.
Bitcoin's continues to beat records, I guess investors are in for more green candles.
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