Bitcoin's stellar 2023 rally has more room to run over the coming year after the largest cryptocurrency breached US$30,000 last week.
Cryptos have bottomed out, and the likely outcome by the end of 2024 is for the surge in digital currencies to jump further, according to a survey of analysts by Blockhead.
The rapid return from Bitcoin's "crypto winter" surprisingly put the notoriously volatile digital currency at the top of the scoreboard as the best-performing asset class by a wide margin in the first quarter.
Short-term charts point to weakness and fading momentum, even as long-term forecasts split sharply between institutional-driven upside and warnings of a deep mean reversion.
With liquidity fading and demand still weak, Bitcoin’s repeated failure at $90,000 has traders bracing for continued range-bound action into the new year.
Regulator proposes 100% risk charge on crypto assets, lower charges for regulated stablecoins
Bank rolls out SGD and USD blockchain balances for 24/7 treasury management
The trade that once let equity investors proxy Bitcoin exposure is breaking down. With treasury firms underperforming their underlying assets, the model is shifting from accumulation to debt management—and many DATCOs may not make it through the next phase.
Institutional inflows are transforming crypto from a retail-led market into a derivatives-driven asset class, with options now central to risk, liquidity, and price formation.
Crypto markets are set to be shaped less by single data prints and more by deeper forces – central bank credibility, AI-driven risk cycles, tariff-led inflation pressures, and dollar liquidity – creating a year defined by volatility, not clean trends.
Short-term charts point to weakness and fading momentum, even as long-term forecasts split sharply between institutional-driven upside and warnings of a deep mean reversion.
