ĐầuTưCrypto

Predictions for Bitcoin and Ethereum prices during the Western New Year 2024

The Western New Year holiday is approaching, and the cryptocurrency market may experience significant fluctuations. Below are some predictions for the prices of Bitcoin and Ethereum during this period:

Bitcoin (BTC):
• Current: Bitcoin is trading around 95,813 USD.
• Prediction: Some experts forecast that Bitcoin could reach 100,000 USD by the end of 2024, with strong growth potential in the coming months. 

Ethereum (ETH):
• Current: Ethereum is trading at around 3,335 USD.
• Prediction: Experts believe that Ethereum could surpass the 4,000 USD mark in December 2024, especially if the market continues its upward trend and does not face strong selling pressure. 

Note:
• Market volatility: The cryptocurrency market often experiences strong volatility during holidays due to reduced liquidity and profit-taking sentiment from investors.
• Risks: Investing in cryptocurrencies always carries high risks. Investors should carefully consider and closely monitor market developments.

What are your predictions for the prices of Bitcoin and Ethereum during this Western New Year? Please share your thoughts!

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#BitcoinPolicyShift
Bitcoin (BTC) Volatile: Latest Market Update
Bitcoin (BTC) is experiencing significant volatility as the price falls below $85,000 following a new statement from President Donald Trump. He stated that the U.S. government will not sell its current Bitcoin holdings but also will not commit to purchasing more, causing confusion in the market.

Meanwhile, experts like Arthur Hayes remain optimistic, suggesting that the bull cycle for BTC is not over yet. However, some historical indicators warn of the potential for Bitcoin to peak, raising concerns about the upcoming trend.

Additionally, the International Monetary Fund (IMF) is putting pressure on El Salvador, forcing the country to limit further BTC purchases. At the same time, the U.S. is said to have missed out on $16 billion by selling Bitcoin too early, sparking debates about the government's investment strategy.

Coinbase has also announced that it will integrate the Lightning Network, enabling faster Bitcoin transactions with lower fees, signaling positive news for the market.

Although Bitcoin is still in a correction trend, many investors believe this is just a setback before a strong price increase. What do you think about this development?

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