📰 Table Of Contents
- 1 Bitcoin Price Prediction
- 1.1 US Treasury Yields Rise, Markets Dip Amid Inflation Data Anticipation; Bitcoin Hits New Highs
- 1.2 Key Points
- 1.3 AI Stocks Propel Wall Street to Record Highs Amid Inflation Concerns
- 1.4 MicroStrategy Targets $500 Million Fundraise to Boost Bitcoin Holdings, Aims for 1% of BTC Supply
- 1.5 Bitcoin Price Prediction
- 1.6 Top 15 Cryptocurrencies to Watch in 2024
Bitcoin Price Prediction
In the ever-evolving landscape of cryptocurrency, Bitcoin‘s recent uptick to $73,400 echoes a growing bullish sentiment. Amidst market fluctuations, this advance strengthens the Bitcoin price prediction discourse, suggesting a potential continuation of its upward momentum. With the market’s eyes fixed on the pivotal $70,587 mark, Bitcoin’s journey is watched by traders and investors alike for signs of sustained growth.
US Treasury Yields Rise, Markets Dip Amid Inflation Data Anticipation; Bitcoin Hits New Highs
As U.S. Treasury yields climb, signaling investor anticipation of inflation data and potential Federal Reserve actions, global markets experienced a slight downturn. Despite Oracle’s earnings surge, the broader tech sector’s struggles led the S&P 500 to pull back from its peak, while the Nasdaq faced declines due to tech firm pressures against rising yields. Conversely, the Dow saw minor gains.
Key Points
- Rise in the 10-year US bond yield to 4.19%
- Marginal drop in the Europe-wide MSCI index despite record highs in the STOXX 600 and FTSEurofirst 300
- Dollar strengthening against the yen
AI Stocks Propel Wall Street to Record Highs Amid Inflation Concerns
U.S. and global markets showed resilience as Wall Street indices, buoyed by advancements in artificial intelligence (AI), reached new heights. AI-focused companies like Nvidia and Oracle saw their stocks surge following strong earnings reports, injecting a dose of optimism into the market, even as concerns about an AI bubble loomed.
MicroStrategy Targets $500 Million Fundraise to Boost Bitcoin Holdings, Aims for 1% of BTC Supply
This month, MicroStrategy spearheaded by Michael Saylor, is launching its second significant fundraising effort, targeting $500 million in convertible notes to expand its Bitcoin holdings. With 205,000 BTC already under its belt, valued at $15 billion, MicroStrategy’s ambitious move reflects its deep conviction in Bitcoin.
Bitcoin Price Prediction
In the latest technical outlook for Bitcoin, the cryptocurrency stands at $73,332, showing consolidation within an uptrend on the 4-hour chart. The pivot point is marked by the green line at $70,587, serving as a baseline for Bitcoin’s short-term trajectory. Immediate resistance is seen at $74,840, with subsequent levels at $77,453 and $79,904, indicating potential ceilings that bulls must breach for continued advancement.
Top 15 Cryptocurrencies to Watch in 2024
Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2024. Our list has been curated by professionals from Industry Talk and Cryptowire, ensuring expert advice and critical insights for your cryptocurrency investments. Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
