The post Bitfinex Predicts $3.2 Trillion Crypto Market Cap by 2024 on Bitcoin’s Record Run appeared first on Coinpedia Fintech News
Bitfinex, a significant player in the crypto industry, has high expectations for the market in 2024. Building on the remarkable performance in 2023, with Bitcoin surging by 160% and the broader crypto market gaining 100%, the exchange anticipates another striking rally. This surge could potentially add an impressive $800 billion to investors’ crypto portfolios.
Crypto Rally Expectations and Market Expansion
Presently, the crypto market sits at around $1.6 trillion. Bitfinex predicts a staggering rise to $3.2 trillion in the overall market cap for 2024. Their analysis integrates historical market patterns and sentiment indicators, suggesting a shift towards ‘extreme greed.’ This sentiment shift might act as a catalyst, propelling Bitcoin and the broader crypto market to new highs.
According to Bitfinex analysts, Bitcoin has experienced a record 67
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