Bitcoin Eyes $76K Amid ETF Buzz and End of Crypto Winter; Ethereum Fees Hit 6-Month Low

April 29, 2024
Bitcoin Eyes $76K Amid ETF Buzz and End of Crypto Winter; Ethereum Fees Hit 6-Month Low
  • Bitcoin (BTC) saw a price drop of 2.13% on April 26, 2024, trading at $62,979, influenced by US inflation and geopolitical issues.

  • Spot Bitcoin ETF approvals in the US sparked a demand increase, setting BTC on a path to potentially new highs.

  • Cryptocurrency strategist Inmortal predicts a bullish future for BTC, with targets of $76,000 short term and up to $140,000 peak.

  • Tokenization of real-world assets in crypto is expected to boom, according to Inmortal, particularly in the second half of 2024.

  • Chainalysis observes the end of the crypto winter, with stablecoins and DeFi contributing to market recovery.

  • Ethereum (ETH) climbs 6% to over $3,300, with transaction fees at a six-month low, thanks to the Dencun upgrade and market conditions.

  • Despite a proposed Bitcoin mining ban in Paraguay, record inflows into digital assets signal increasing market confidence.

  • The crypto market remains volatile amid economic uncertainty and possible monetary policy shifts, with a note of caution for leveraged investors.

  • New cryptocurrencies are emerging with a focus on integrating blockchain with SocialFi, GameFi, DeFi, gaming, Mixed Reality, and Move-To-Earn concepts.

Summary based on 55 sources


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Bitcoin (BTC) Price Prediction for April 27

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