Reserve Dollar

Wednesday

Bitcoin

Reserve

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-enthusiasm-stirs-as-market-surges-with-record-investment-inflows" rel="noopener noreferrer nofollow">Crypto Enthusiasm Stirs as Market Surges with Record Investment Inflows</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/job-market-revival-in-crypto-a-post-celsius-bankruptcy-analysis" rel="noopener noreferrer nofollow">cryptocurrency</a> market has commenced the week with an upbeat attitude, largely influenced by a promising weekend performance. While investors are currently riding a wave of optimism, the impending release of US economic data and Federal Reserve minutes on Wednesday could instigate a more circumspect market approach.</p>
<h2 id="surging-investments-and-bitcoin-s-prospects">Surging Investments and Bitcoin’s Prospects</h2>
<p style="text-align: justify">A recent influx of $646 million into cryptocurrency investment products last week has propelled the total to an unprecedented $13.8 billion for the year. This surge in investment outstrips the inflows recorded during the bullish phase of 2021 and precedes the anticipated <a href="https://en.bitcoinhaber.net/bitcoins-potential-peak-in-october-2025-analyst-ali-martinezs-forecast" rel="noopener noreferrer nofollow">Bitcoin</a> halving event, which historically triggers significant market rallies. Market analysts from Santiment project sustained high ETF inflows leading up to April 20th, with keen interest in any post-halving changes in ETF and on-chain volumes. SkyBridge Capital’s CEO Anthony Scaramucci has forecasted a potential Bitcoin peak of $170,000 in the current cycle, emphasizing Bitcoin’s growing competitiveness against gold.</p>
<h2 id="ethereum-s-recovery-and-price-forecast">Ethereum’s Recovery and Price Forecast</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ethereum-climbs-above-3000-as-analyst-highlights-potential-surge" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) is on a rebound from a recent dip in the ETHBTC ratio, with its price having broken out of the $3,056 to $3,679 trading range. Currently trading above the resistance level of $3,679, Ethereum is showing promising signs of an extended rally with potential price targets of $4,093 and even up to $4,488.</p>
<h2 id="points-to-take-into-account">Points to Take into Account</h2>
<ul>
 <li>Record-high investment inflows suggest a strong market confidence pre-Bitcoin halving.</li>
 <li>Ethereum’s breakout above the general resistance hints at a continued uptrend.</li>
 <li>Bitcoin’s comparison to gold underlines its increasing relevance as a competitive asset.</li>
</ul>
<p style="text-align: justify">However, a bearish turn could see Ethereum’s price retracting to the lower end of the recent range, with a possible decline towards $2,700. Investors are advised to stay informed on the upcoming economic releases that may sway the current market trajectory.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-enthusiasm-stirs-as-market-surges-with-record-investment-inflows" rel="noopener noreferrer nofollow">Crypto Enthusiasm Stirs as Market Surges with Record Investment Inflows</a></h5>

Crypto Enthusiasm Stirs as Market Surges with Record Investment Inflows

Table of Contents

BH NEWS

Другие статьи, опубликованные 8 апр. 2024 г.

As NuggetRush gears up for launch, SOL and BNB investors take notice amid retracements

Load Up Massively on These 3 Cryptocurrencies in April 2024 for 50x Gains

Ripple’s XRP USD Stablecoin Launch: Analyst Says “This Changes Everything”

1.44 Trillion Shiba Inu in 24 Hours: Is SHIB Waking up Again?

Bitcoin Breaks Out, Eyes $80,000 Milestone

XRP Price: Analyst That Claimed XRP To Hit $1 in April Says $5.85 In Sight

Join our free newsletter for daily crypto updates!