Crypto Faces Ongoing Turmoil Despite Halving Hopes
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Bitcoin will likely experience a "buy the rumor, sell the news" scenario around its halving event and possible spot ETF approval. Gains may be limited compared to 2023.
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Popular "dog coins" like Dogecoin and Shiba Inu will continue to underperform due to lack of real-world utility and differentiation.
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Cryptocurrencies will fail once again to decouple from broader stock market performance, with many of the same macroeconomic factors impacting both.
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Another major crypto failure is likely in 2024, reminiscent of Terra/LUNA and FTX collapses in 2022.
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Ongoing regulatory pressure and concerns around Tether stablecoin point to more turmoil ahead for the crypto industry.