Crypto asset manager CoinShares shed light on the developments that are important for the cryptocurrency markets in 2024.
In the cryptocurrency report CoinShares recently shared, 2024 He touched upon the important developments of the year. The report states that this year will be a landmark year for the cryptocurrency industry. spot Bitcoin exchange-traded fund (ETF) confirmations for Bitcoin price An increase towards 60 thousand dollars and above It was stated that he might have started it.
In addition, a possible approval of a spot Ethereum ETF would be expected to increase demand, primarily for Ethereum (ETH). A new bull cycle in the altcoin market It was highlighted that it could trigger
Successful name of recent months in the report To Solana (SOL) It was pointed out that the project, which has made a strong comeback, has the potential to significantly impact the DeFi market and data availability sector in 2024.
The favorite alternative of the dollar-free world: Bitcoin
On the other hand, the cryptocurrency market US interest rate decisions and other macroeconomic from events While it was stated that the market continues to be seriously affected, it was emphasized that the interest rate cuts that may occur in March and thereafter could be a lifeline for the market.
Geopolitical developments, current wars and loss of confidence in the dollar Bringing Bitcoin to the fore over time Stating that CoinShares argued that this situation will become increasingly stronger in 2024.
In the report, de-dollarized Bitcoin may be the world’s new choice place was given. On the other hand, it was noted that the deadlocked correlation between US bonds and stocks pushed investors to diversify their portfolios, and cryptocurrencies were the most important alternative in this regard.
Regulatory policies of the USA and EU regarding cryptocurrency markets 2024 The CoinShares front, which predicts that it will become more evident in institutional investors to the market It was predicted that interest in the field would increase rapidly.