The post Blackrock Bitcoin ETF Volume Crosses $10 Billion, BTC Price Expected to Hit $100K After Halving appeared first on Coinpedia Fintech News
Investors anticipated two major events in the crypto market in 2024. One was the January approval of the Bitcoin ETF, which resulted in major inflows into the crypto market, and the other was the Bitcoin Halving event, which is expected to occur in April of this year.
With the crypto market turning bullish and Bitcoin hitting a new all-time high, BTC is expected to reach new milestones. Bitcoin ETFs have seen a major net inflow, resulting in a huge volume crossing billions. Halving is a major event that occurs once every four years and has a major impact on Bitcoin prices.
ETFs have long been a major debate in the crypto space, and the Bitcoin ETF was the much-anticipated event. After the approval, Bitcoin ETFs have been a huge success, observing an increase in net inflows. Recently, Blackrock’s Bitcoin ETF Volume crossed $10 billion, marking a new all-time high.
BTC Price Expected to Hit $100K After Halving
Investors have been bullish about the Bitcoin ETF even before its launch, and its success after the approval has increased confidence among investors. Since Bitcoin already has a new all-time high, investors are now predicting a new target for Bitcoin after the halving event. The prediction is that BTC will hit $100k after the halving.
Looking at the market scenario, $100K for $BTC seems easy to achieve once the Halving event occurs in April. Since this will impact the price of BTC, it will also impact the price of the altcoins. Long-term coins are expected to experience major pumps; some may even hit new all-time highs.
However, investors are looking to invest in new projects under $1 that can give them the highest upside potential after the halving. New trading platform, Algotech, has become the most popular choice for investors looking for massive returns in 2024.
Algotech Is The Best Buy Before Halving For 10X Returns
Emerging trading platform Algotech has turned heads in its presale by raising over $2.2 million in its public pre-sale, attracting 6,000 unique holders. The project has successfully sold over 50 million ALGT tokens and continues to gain momentum.
Algotech (ALGT) is a TradFi platform based on emerging technologies like AI and machine learning. Traders are particularly drawn to Algotech’s innovative offerings, including breakout detection, hedging, mean reversion, and arbitrage trading, which promise to revolutionize trading strategies.
Algotech’s roadmap and deflationary tokenomics are also critical factors for investors entering this project. The platform gives early investors governance rights and profit shares and makes trading accessible to a broader audience through Social Trading features.
Investors are jumping at the opportunity to become an early part of the project and buying ALGT tokens at $0.06 before the price goes up in the next round. Analysts project that, based on Algotech’s current trajectory, it can give 1200% returns to early investors upon listing on a major exchange.
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