Bitcoin, the leader in the cryptocurrency market, has experienced a wave of gains recently. This rising momentum not only attracted the attention of market investors, but also attracted more attention to altcoins. It is expected that with the arrival of 2024, the entire cryptocurrency market will usher in a grand crypto feast.

Bitcoin’s strong run has attracted much attention over the past few months. Its price once exceeded the $300,000 mark and has stabilized at a high level. This trend has attracted the interest of many investors and promoted the development of the entire cryptocurrency market. However, at the same time, altcoins have also begun to show activity.

Altcoins refer to those digital assets developed based on Bitcoin or other mainstream cryptocurrency technology. They often have unique properties and uses, but relatively low market capitalization and popularity. However, as the price of Bitcoin rose, numerous altcoins began to show strong growth. This phenomenon is mainly driven by investors attracted by the potential for high returns and concerns that Bitcoin prices are too high. Therefore, the altcoin market is expected to receive more attention and investment in 2024.

Bitcoin (BTC) Just 55% Off All-Time Highs

There are still more than 24,000 points away from the previous high point of Bitcoin, which means that Bitcoin will rise another 55%. Ignas expects Bitcoin to hit another record high in the fourth quarter of 2024, or even earlier.

Altcoins look ready to break out of BTC's liquidity constraints. Maybe this weekend will be fun! This is a lot like the craziness of the 2020 bull market!