CandleFocus AI-Related Cryptos Lead Altcoin Surge; Bitcoin Breakout Nears with Several Catalyst in Q4: Analyst
2024-09-23
Author: Content Editor
Artificial intelligence-related cryptocurrencies led the crypto rally on Monday, outperforming bitcoin. Tokens such as Near, Render, Bittensor, and Livepeer saw significant gains. Bitcoin was lagging with a small gain, while Ethereum's ether showed relative strength. Celestia's native token also performed well following news of a $100 million investment. Analysts predict that bitcoin could hit new record prices in Q4, citing various catalysts for a potential rally. The approval of options for BlackRock's bitcoin ETF by the SEC is seen as a positive move that may bring more institutional liquidity to the market. Overall, despite uncertainty surrounding the U.S. presidential election, analysts believe that government spending and deficits will benefit bitcoin.
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