Will 2024 be the year of crypto? Just 3 days into 2024, crypto currencies are beginning to soar. Bitcoin has surpassed $45,000 for the first time in 2 years. Molly Gambhir reports.
#2024 #crypto #gravitas
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Is 2024 going to be the year of crypto the year when cryptocurrencies expand to exponential Heights I asked this question because just 3 days into this year cryptocurrencies are beginning to soar already just take the case of Bitcoin the first decentralized cryptocurrency according to reports Bitcoin has surpassed
$45,000 for the first time in nearly two years it jumped as much as 5.2% the highest level since 2022 as of 700 a.m. New York time Tuesday the cryptocurrency was trading at $4,440 and while just Bitcoin other tokens have also advanced in the last 3 days like the second biggest cryptocurrency ether
It Rose as much as 4.1% in the last 48 hours and then we have Micro strategy bitcoin’s proxy it Rose about 7.8% Minor Marathon digital jumped 11% crypto exchange coinbase Global gained 4.1% how exactly should we be viewing these Trends and these numbers observers say that these Trends
Indicate that 2024 is going to be a good year for crypto they say that this year we will see cryptocurrencies recover from previous years losses more so given certain policy changes like a decision by the US Securities and Exchange Commission Reports say it could approve the first ever Bitcoin ETF after years of
Opposition and what what would that decision mean it would mean that investors can buy a product that tracks the price of Bitcoin without actually having to go to an exchange and hold the digital currency directly the crypto industry you see is hoping that this decision will draw in a wide range of
Investors according to another analysis 2024 is going to be good for crypto because of Bitcoin harving this is an event which happens every few years in 2024 it is scheduled for the month of April and this event could change how much Bitcoin is around affecting its price for the unworth the Bitcoin Haring
Is arguably the most important event in the cryptocurrency world it takes place every four years and under the process the reward for mining Bitcoin transactions is cut in half and this Haring reduces the rate at which the new coins are created and thus lowers the available amount of new
Supply Bitcoin was last haved in May 2022 causing a spike in its value this year as well the Haring is expected to spike Bitcoin prices several times from its current value the third reason why cryptocurrencies may do well in 2024 is the mainstreaming of of artificial intelligence
Tools you see AI is dominantly used in predictive analysis and this can be useful for crypto Traders and investors how exactly well AI systems can spot patterns Trends and correlations in historical Market data that human Traders May Overlook and this information can help the Traders estimate the future price fluctuations
And Market patterns more accurately in other words AI can boost blockchain performance by examining network data and transactions it can find bottlenecks optimized consensus procedures consensus procedures and scale networks AI can also detect illegal activity and protect crypto users from fraud the bottom line is this the leaps
Being taken in the field of Technology could greatly benefit the crypto users this year but there is always a flip side and these leaps in technology could also give hackers a chance to indulge in nefarious activities in a smarter way we are now available in your country
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1 Comment
maam btc halwing cycle is every 4 year not 2 year. thank you