Over the past weeks, the crypto market has remained relatively quiet, sparking concerns about a potential downturn for Bitcoin and altcoins. However, market observers, buoyed by stablecoin inflows and other factors, continue to assert the high likelihood of a bull cycle. The stablecoin market, in particular, has shown remarkable resilience, with assets like USDT and USDC adding over $9 billion to their market capitalization since October 2023, bringing the total to $133 billion. This boost in stablecoins isn’t just a comeback story, it’s pouring fresh cash into crypto, amping up the belief that we’re on the cusp of a serious market rally.
So, with the Bitcoin halving on the horizon and fresh green lights for Bitcoin ETFs, it looks like we’re in for even more growth in the crypto space. Bitget’s study highlighting investor optimism suggests that nearly 84% believe the halving will propel Bitcoin to new heights, with more than half expecting prices to range between $30,000 and $60,000
We współpracy z: https://cryptodaily.co.uk/2024/02/a-crazy-turn-ahead-for-solana-sol-ripple-xrp-and-sei-sei
