Bitcoin, along with other major cryptocurrencies including ethereum and XRP
XRP
The price of bitcoin is up around 250% since hitting its recent lows in late 2022. Some predict that another huge price "catalyst" is just around the corner.. Ethereum, XRP, and the rest of the top ten cryptocurrencies have risen with it, pushing the cryptocurrency market to over $2 trillion.
Now, As Wall Street Giant JPMorgan Issues Surprising Crypto Course CorrectionThe price of bitcoin is poised for a further $500 billion market capitalization surge, according to a top Fidelity analyst.
The historic Bitcoin halving that is expected to cause chaos in cryptocurrency prices is just around the corner! Register now for free CryptoCodex—A daily newsletter for traders, investors and those curious about cryptocurrencies that will keep you on the cutting edge of the market.
The price of bitcoin has skyrocketed in the last 24 hours, pushing up ethereum, XRP and the rest. ... [+]
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“Bitcoin will eventually capture about a quarter of the gold money market,” Jurrien Timmer, head of global macro at Fidelity, wrote in an X. mailreferring to the gold held by the world's central banks, financial institutions and governments as part of their foreign exchange reserves.
"At 40%, monetary gold is currently worth about $6 trillion, while bitcoin is worth $1 trillion," Timmer wrote, and bitcoin is expected to skyrocket to $1.5 trillion if it gains a quarter. part of the monetary gold market.
Last week, spot bitcoin exchange-traded fund (ETF) The data was pointed to as evidence that Bitcoin is already "stealing gold's crown" as the "world's leading store of value."".
Earlier this month, hedge fund manager Anthony Scaramucci, founder of Skybridge Capital, who briefly served as communications director for former US President Donald Trump, made a long-term bitcoin price prediction that it “easily hits half the market cap of gold.”
Analysts have also pointed to calls for Wall Street giants to create an Ethereum ETF and speculation about a possible XRP ETF, as well as growing excitement over bitcoin's impending supply cut, known as a halving.
“The market is showing strong resilience in several aspects,” Matteo Greco, research analyst at crypto investor Fineqia International, said in emailed comments.
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The price of bitcoin has almost completely recovered from its 2022 price crash, boosting the price of ... [+]
Forbes Digital Assets
"Bitcoin maintains a price above $50,000, altcoins like ethereum do well with a price above $3,000 and liquidity increases along with high demand, as seen through inflows into bitcoin ETFs at spot and the increase in stablecoin supply. Additionally, with the bitcoin halving approaching in less than two months, the market anticipates another significant event that could impact market trends."
These factors combined have made many bitcoin, ethereum, and XRP traders very bullish.
“I think it's as clear as day that we are currently approaching the steepest part of the parabolic trend,” bitcoin, ethereum and XRP price analyst Kevin Svenson said in a video. aware to X.
