Bitcoin (BTC) registered a 160% rally this year in 2023 while the broader crypto market rallied by 100% adding $800 billion to crypto investors’ wealth in 2023. Bitfinex expects the crypto market rally to continue going ahead while predicting another 100% gain next year in 2024.
Bitfinex Expects Crypto Market Cap to Hit $3.2 Trillion
Bitfinex, a prominent cryptocurrency exchange, expresses a positive outlook on Bitcoin and the broader crypto asset market as we enter 2024. Despite facing reputational and regulatory challenges throughout 2023, Bitcoin has demonstrated remarkable resilience. The exchange acknowledges the likelihood of occasional pullbacks, a common occurrence in historical market behavior.
With the current total market capitalization of the crypto market standing at around $1.6 trillion, Bitfinex speculates that the total market cap could potentially reach $3.2 trillion, with asset values fluctuating within this range. The assessment considers various metrics and sentim
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