Bitcoin Breaks $1 Trillion Cap, Eyes $100k Amid ETF Boom and Halving Buzz

February 15, 2024
Bitcoin Breaks $1 Trillion Cap, Eyes $100k Amid ETF Boom and Halving Buzz
  • Bitcoin's market cap surpasses $1 trillion with predictions of reaching $100,000 by 2024 and $347,783 by 2030.

  • Price surge to $52,349.0027 linked to Lunar New Year trading, Bitcoin ETF liquidity, anticipated Federal Reserve rate cuts, and the April 2024 halving event.

  • MicroStrategy holds 190,000 Bitcoins valued over $4 billion in unrealized profits as of January 2024.

  • Wall Street money flowing into spot Bitcoin ETFs, with Bitcoin Cash and Ethereum also showing significant gains.

  • DeeStream emerges as a new investment opportunity in decentralized video streaming, currently in presale.

  • The upcoming Bitcoin halving event may reduce network hash rate by 20%, affecting specific mining machine models.

  • Miners are investing in infrastructure to counteract reduced rewards post-halving, with efficient operators likely to fare better.

  • SEC's anticipated approval of a spot ether ETF could follow after the historic approval of 11 spot bitcoin ETFs.

  • On-chain metrics suggest a shift in Bitcoin's market liquidity, potentially leading to a near-future price impact.

Summary based on 69 sources


Get a daily email with more Crypto stories

Sources

More Stories