It’s been a crazy week:
- bitcoin hit $64,000 (thursday).
- Bitcoin surpasses Russian ruble (world’s 14th largest currency).
- Microstrategy purchases an additional 3,000 Bitcoin.
- Gold price: Reaches all-time high
- The Bitcoin ETF market is already worth more than half the gold market!
There has been a lot of news this week and the importance of these events cannot be overstated. So let’s take a look at the following:
Bitcoin Reaches $63,000 (Thursday)
Bitcoin continued its strong market momentum on Thursday, hitting $63,000 on Binance. This price is higher than we expected, and we are still 50 days away from the Bitcoin Havling event, which could reduce the market supply of new Bitcoins by 50%, potentially pushing the price of Bitcoin further higher. There are left. At this rate, Bitcoin will likely exceed $100,000 before the end of 2024.
Bitcoin surpasses Russian ruble.
Bitcoin’s rise in value has now pushed it past the Russian ruble to rank as the 14th largest currency in the world.
Microstrategy Purchases Additional 3,000 Bitcoin
MicroStrategy, led by Michael Saylor, recently added 3,000 bitcoins to its holdings. This acquisition increases MicroStrategy’s total Bitcoin holdings by: 193,000 BTC This is approximately 1% of total Bitcoin circulation. Michael Saylor believes in holding Bitcoin and investing aggressively in Bitcoin as a core part of his financial strategy.
Gold Price: All-Time High $2,100 per ounce
While all the attention is on the cryptocurrency market, gold has hit record highs, making it now the most expensive time to buy gold in history.
Interestingly, despite gold hitting record highs, Investor preferences are shifting from gold to Bitcoin!
The Bitcoin ETF market is already worth more than half the gold market!
Gold has always been a hedge against inflation and a safe haven in times of economic uncertainty. While that is still true, we are starting to see Bitcoin being treated as “digital gold.”
A significant amount of money is being drained. Gold ETF ~ in Bitcoin ETF That’s because Bitcoin has come to represent a store of value and the best-performing asset class over the past decade.
In addition to the increasing decline in fiat currency values, it is almost certain that gold and Bitcoin prices will continue to rise as a hedge against inflation. The resulting rise in the price of Bitcoin will continue to revitalize the entire cryptocurrency market, laying the foundation for the next cryptocurrency bull market.
Well, folks, I think it’s safe to say that we’re at the beginning of another cryptocurrency bull market.
2024 is going to be a crazy year, so brace yourself!
Join us – as we prepare
The price of Bitcoin has now surpassed $60,000. While this may sound like a lot of money for a single Bitcoin, we believe this is just the beginning of what will be one of the biggest growth opportunities the cryptocurrency space has seen in at least the last four years.
If you haven’t yet started diversifying your portfolio with cryptocurrencies, it’s not too late. Now is a great time to enter the market while prices are still ‘relatively’ low.
If you want to know what we’re buying, please join us through our monthly shares. Altcoin Recommendation Looking forward to the upcoming Bull Run – Become a member to access.
Richard.
Top 100 Popular Altcoins
Last week’s trend continues – all green On the market this week.
Today’s Crypto Fear and Greed Index
Today’s Cryptocurrency Fear and Greed Index = extreme greed –> Increased to 80 (from 74 last week).
Bitcoin and Ethereum price changes
Bitcoin increase 22.8% Here are the prices it is currently trading at last week: $62,488. Over the past 90 days, Bitcoin has increased by: 60.3%.
Ethereum increase 17.2% Here are the prices it is currently trading at last week: $3,4437. Over the past 90 days, Ethereum has increased by: 62.6%.
Global cryptocurrency market capitalization increased to $2.31T (From $2T last week).
Top 100 Gainers – Last 7 Days
The biggest gainers over the past 7 days (in the top 100) are:
💡
dogwifehat (WIF) +325% – 76th
Dog We Pot (WIF) A meme coin from the Solana blockchain features a Shiba Inu wearing a hat. It was launched in November 2023 with a market capitalization of $232 million. It became the sixth most popular meme coin. Unlike other cryptocurrencies, WIF does not convey deep messages. It’s just about fun. Known for fast transactions and low fees, Solana’s simplicity and supportive community contribute to its popularity. Despite the humor, like other meme coins, WIF’s practical use is limited to trading on listed exchanges.
PEPE +235% – 57th
Pepper (PEPPER) They are meme coins that rely on cultural and viral appeal and have no intrinsic utility. Launched in mid-April with a low price and supply of 420 trillion, it quickly built a community. PEPE operates on a tax-free basis and eliminates transaction fees, enhancing its attractiveness. A portion of each transaction is burned, reducing total supply and potentially increasing value. It is an ERC-20 token on the Ethereum blockchain, highlighting community support as a key to success.
BONK +125% – 59th
BONK is a meme cryptocurrency on the Solana blockchain, launched on December 25, 2022. Our goal is to become the community coin for Solana’s dApp ecosystem. Initially, 50% of the total supply of BONK was airdropped to the Solana community with the goal of bringing liquidity back to Solana’s decentralized exchange. Bonk’s creator remains anonymous and the project has seen significant volume and price growth since launch.
Arweave (AR) +106% – 54th
AreWeb(AR) It is a decentralized network similar to Bitcoin but designed for persistent information storage for data. It provides a stable, mature protocol for hosting truly decentralized, provably neutral web apps with the goal of preserving humanity’s most important data on a persistent, open ledger. The ecosystem is fully decentralized, creating a community-driven environment to learn, use, and build on Arweave.
Biggest microcap gain in the last 30 days
We review and analyze small and micro market cap cryptocurrencies every week to find out: low cap jewelry. This provides the best performance (quality). microcap project In the past 30 days:
Highest performing quality micro cap (last 30 days)
Meme Coins:
The Meme coin sector is booming this week. Meme Coin is a cryptocurrency inspired by internet memes, humor, and online communities. However, meme coins typically focus on cultural significance and virality, do not offer real solutions to problems, and are viewed by many as mere novelty tokens with no inherent value.
Two of the most popular examples are Dogecoin (DOGE) and Shiba Inu (SHIB), which gained popularity and value through community support and internet memes.
Meme Coins with the Best Performance
Monthly Altcoin Selection
We will be releasing our Altcoin Picks (March) in a few days. Don’t miss it!
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Until next report,
Richard.