The crypto market is experiencing a surge in net inflows, similar to what was seen in February when prices soared. This suggests that another major rally could be on the horizon. If this trend continues, Bitcoin could potentially reach $100,000. Altcoins are also likely to benefit from the market momentum. Inflows of money into the market usually benefit Bitcoin first, as it is seen as the most stable asset. Once Bitcoin rallies, attention then turns to larger altcoins like Ethereum, Solana, and Cardano. As Bitcoin stabilizes, smaller altcoins start to rise and offer higher returns. Overall, the market is bullish, and if traditional assets like stocks and gold remain strong, crypto is likely to follow suit.
- Content Editor ( coinedition.com )
- 2024-10-22
Uptober to Bullcember: Crypto Market Signals Explosive Growth, $100k BTC in Sight?