Bitcoin Eyes $76K Amid ETF Buzz and End of Crypto Winter; Ethereum Fees Hit 6-Month Low
April 28, 2024Bitcoin (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
Get a daily email with more Tech stories
Sources
Yahoo Finance • Apr 28, 2024
Bitcoin Could Hit $100,000 if Past Halving Trends Play OutDEV Community • Apr 28, 2024
The Cryptocurrency Revolution: A New Era of Digital FinanceNasdaq • Apr 28, 2024
Bitcoin Could Hit $100,000 if Past Halving Trends Play OutU.Today • Apr 27, 2024
Bitcoin (BTC) Price Prediction for April 27