$BTC **$BTC – The Digital Gold Standard Holds Strong**
Bitcoin continues to dominate as the crypto market's bedrock asset in 2024, demonstrating:
- **Scarcity Advantage:** 93% of 21M supply already mined
- **Institutional Adoption:** Spot ETFs now hold 850K+ BTC ($60B+)
- **Macro Hedge Status:** Outperforms during banking crises & dollar weakness
Critical Developments:
• **Post-Halving Effect:** Miner sell pressure dropping rapidly
• **Layer-2 Boom:** Lightning Network capacity hits 6,000 BTC
• **Nation-State Adoption:** 3 more countries considering BTC legal tender
Price at $67K shows:
✓ Support: $60K becoming new institutional floor
✓ Resistance: $70-75K previous ATH zone
With inflation persisting and ETFs buying 10x daily production, Bitcoin's next major breakout appears imminent.