Bitwise Analyst Predicts Bitcoin Could Reach $88K by the End of 2024

Monday, 26 February 2024, 22:51
The recent surge in spot Bitcoin ETF listings has sparked a significant rise in Bitcoin's price. Analyst Ryan Rasmussen discusses the potential for Ethereum to experience a similar boost through ETF trading. Key factors influencing the crypto market include the upcoming Bitcoin halving and speculation around Ethereum spot ETFs, with new network upgrades driving excitement and cost efficiency for Ethereum transactions.
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Bitwise Analyst Predicts Bitcoin Could Reach $88K by the End of 2024

Bitcoin Price Outlook

Spot Bitcoin ETF listings have driven up the value of the cryptocurrency, with Bitwise's Ryan Rasmussen citing bullish positions and market excitement. The trajectory of digital assets, including Ethereum's potential for an ETF surge, is a focal point for investors. Rasmussen highlights the impact of the Bitcoin halving and Ethereum network upgrades on market sentiment.

ETF Trading and Market Trends

  • Rasmussen discusses the role of ETF trading and upcoming developments in the crypto market.
  • Excitement surrounds Ethereum's network upgrade and its effect on transaction costs.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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