• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Expert opinion: The price of bitcoin will reach above $50,000 before the halving.

Expert opinion: The price of bitcoin will reach above $50,000 before the halving.

user avatar

by Max Nevskyi

2 years ago


On Friday, the price of bitcoin (BTC) reached $46,457, while altcoins also showed strong growth based on the return of capital to stock markets.

An increase in investor sentiment occurred after the announcement by the International Monetary Fund of a gradual recovery in the global economy.

A decrease in the negative impact of local political and financial crises on global processes is noted. Production activity is starting to grow, and logistics chains are recovering.

Caroline Mauron, co-founder of Orbit Markets, considers the strengthening of bitcoin to be confirmation of a global positive trend.

The launch of spot crypto funds and bitcoin ETFs in the United States reflects the growing interest of institutional investors in the digital currency market.

Crypto funds ETFs raised $8 billion in a month, while the outflow of funds from the GBTC trust decreased to $6 billion.

According to Caroline Mauron, the bitcoin exchange rate may reach the $50,000 mark before the April halving.

The expert does not exclude the possibility of exceeding this level by the BTC exchange rate in the coming weeks, provided that support remains, which may lead to even higher indicators.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Litecoin ETF Struggles with Low Demand, Future Approvals May Help

chest

The only approved spot Litecoin ETF has faced weak demand, with less than $1 million in first-day trading and a total of only $30 million since launch. Despite this, multiple additional Litecoin ETFs are pending approval, which could reignite interest and momentum for Litecoin as a diversification tool for investors already holding Bitcoin.

user avatarSatoshi Nakamura

US Labor Department Postpones October PPI Data Release

chest

The US Labor Department has announced a delay in the release of October's Producer Price Index (PPI) data, merging it with the upcoming November report, raising concerns about data transparency and market volatility.

user avatarJesper Sørensen

BullZilla Emerges as a Leading Contender for 1000x Crypto

chest

BullZilla is advancing through Stage 13, attracting significant investor interest due to its structured pricing engine and strong community support.

user avatarRajesh Kumar

Navigating the VARA License Acquisition Process in Dubai

chest

The process of acquiring a VARA license in Dubai involves a two-phase procedure lasting 18 to 24 months, requiring entrepreneurs to register their entity and submit an Initial Disclosure Questionnaire to ensure compliance in the virtual asset market.

user avatarKaterina Papadopoulou

Maintaining Compliance: Key Requirements for VARA License Holders

chest

To maintain a VARA license in Dubai, businesses must comply with strict standards, including minimum capital, qualified personnel, and cybersecurity measures.

user avatarMaya Lundqvist

The Importance of VARA License for Crypto Businesses in Dubai

chest

The VARA license is essential for crypto businesses looking to operate in Dubai's growing market.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.