Posted 1/4/2024, 4:42:51 PM
Bitcoin Rebounds After Flash Crash as Analysts Predict $1.5 Trillion Market Cap by 2024 on Bitcoin ETF Hopes
- Bitcoin price has surged 10% after a flash crash, helping recovery of ethereum, XRP, and solana prices
- Analysts predict bitcoin market cap could hit $1.5 trillion by end of 2024 due to "snowball effect" from bitcoin ETF approval
- Bitcoin ETF approval could trigger $5 billion inflows in 2024, rising to $10 billion in 2nd half, per analysts
- Bitcoin's 2024 halving expected to cause "price chaos" as new bitcoin rewards cut in half
- If approved, bitcoin ETFs would make crypto investing more accessible, causing influx of new funds