There has been a significant rebound in the cryptocurrency market, with Bitcoin surpassing $70,000 for the first time in 10 days, experiencing a gain of over 6% in the past 24 hours.
Ethereum and Dogecoin (two of the 10 top altcoins) also saw upward movement. Analysts suggest that if the rally continues, Bitcoin could retest all-time highs. The global cryptocurrency market cap increased by 5.81% to $2.64 trillion.
#Bitcoin continuing the pace.
Dips are there to be bought.#Bitcoin down 15-40% -> allocate funds.#Altcoins down 25-50% -> allocate funds.
If $68K continues to hold, we'll sweep the highs at the all-time high pre-halving. Still expecting a peak to be happening. pic.twitter.com/Ubw1Q3HHXC
— Michaël van de Poppe (@CryptoMichNL) March 25, 2024
Cryptocurrency analyst Michael Van de Poppe advises taking advantage of market dips and recommends allocating funds accordingly.
There’s discussion around the potential for Bitcoin to reach $100,000 in 2024, with attention drawn to factors such as ETF netflows and on-chain data indicating possible price movements.
Source: BENZINGA
