Bitcoin Soars Past $65K, Altcoins Ready for Rally as Market Cap Hits $1.3T
March 4, 2024Bitcoin's value has soared past $65,000, nearing its peak with the total market cap exceeding $1.3 trillion.
The rise in Bitcoin's price is fueling investor interest and expectations of a strong market for exchange-traded funds.
Cryptocurrency analyst Michael van de Poppe forecasts a significant rally for altcoins, indicating potential major gains.
Investment trends are shifting focus from Bitcoin to meme coins and other significant altcoins like Solana and Cardano, both of which have shown remarkable growth.
Despite the positive outlook for altcoins, analysts caution about a possible 33% price correction after the Bitcoin halving event, advising investors to watch market support and resistance levels.
Summary based on 151 sources
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Sources
Forbes • Mar 4, 2024
Bitcoin Moon: What’s Next?Forbes • Mar 4, 2024
Bitcoin Rockets Past $65,000. Where Does It Go From Here?