While Bitcoin (BTC) maintained a strong stance above $52,000, investors turned their eyes to $70,000.
The cryptocurrency market is on target as it continues to maintain its upward momentum led by Bitcoin. new heights took place. Chief Investment Officer of Tyr Capital, who takes a closer look at the market Ed TurkeyHe stated that the rise will continue.
Ed Hindi for Bitcoin 2024 as target for the year While showing 70 thousand dollars He noted that this could happen soon. However, the experienced name implied that the rise will not be limited to 70 thousand dollars and stated that new peaks can be easily seen:
Bitcoin is nearing its peak and will likely rise even further. In 2024, we expect Bitcoin to reach an all-time high, surpassing $70,000. This upward move will probably happen soon.
Ed Hindi, who expects a better performance in Etheruem in response to the rise of Bitcoin, gave the reason spot Ethereum exchange-traded fund (ETF) pointed out his expectations.
He noted that if the US Securities and Exchange Commission (SEC) takes a moderate stance and approves spot Ethereum ETFs in May, Ethereum and its ecosystem could experience a strong bull market.