The Ethereum (ETH) price has dropped 6.3% in the lat 24 hours after previous seeing a remarkable surge of 60% in 30 days, to take ETH past the $4,000 mark.Similarly, Bitcoin (BTC) also witnessed significant growth, increasing by 40% in a 30 day period to cross the $72,000 threshold before experiencing a pullback as the market adjusted.
A key driver behind the positive momentum of ETH and BTC is the excitement surrounding Bitcoin ETFs and the anticipation of the upcoming Bitcoin halving event. These developments have been instrumental in attracting institutional funds, suggesting that a significant influx of public investment is yet to further energize the market.
As ETH falls and BTC falls with it, IBET is standing out as a winner in the market as it looks set to deliver huge gains.
ETH Struggles to Hold $4,000
ETH has enjoyed a remarkable 2024 to date and has recently risen above the $4k key resistance level. The ETH price held but has since fallen to $3,800 at the time of writing after being caught up in a wider market pull back in a volatile day for crypto traders.
Many are still predicting that ETH will hit $10,000 in 2024 despite the latest set back. Investors will have to be patient and miss gains elsewhere if they continue to back ETH – in the current market, that doesn’t look like a wise move.
Bitcoin Maintains Record Highs
Bitcoin (BTC), the largest cryptocurrency by market cap, has surged to record highs in 2024 amidst a backdrop of Bitcoin ETF positivity and the upcoming halving.
Institutional funds appear to be propping up the market, with recreational traders not yet involved. As such, many are predicting that the Bitcoin price could continue to rise in 2024.
Our advice for Bitcoin investors? If you want to buy Bitcoin now, there are better options out there. Buying Bitcoin at over $72,000 leaves you exposed to significant downside – speculation that Bitcoin will hit $100,000 is purely speculation and, in the best case scenario, your gains are only 50% – miniscule in the crypto world!
InsanityBets (IBET) Presale Offers a Small Market Cap Currency that Looks Set to Grow
The trend for affordable cryptocurrencies persists, with InsanityBets (IBET) emerging as a notable contender in the early stages of 2024.
The IBET platform, which has developed a truly innovative derivative stack to help differentiate it from competitors looks to be a project that will explode in 2024 and beyond.
We’ve read their complex whitepaper and broken it down for you – you’ll be astounded at the level of ingenuity. InsanityBets is letting you become the house – in essence, what this means is that investors and users of the platform will be able to limit their losses through the real yield generated by the platform’s redistribution of 85% of platform fees and 90% of house winnings.
By creating a win-win scenario, IBET actively encourages users and investors alike to make the platform as big as possible – the bigger the platform gets, the more yield they’re able to generate – an endless cycle of reward is created.
A $5m market cap makes this a must-invest. If the project captures just 10% of a $231bn market, your ROI will be 45,900%
● Website: https://insanitybets.com
● Presale: https://buy.insanitybets.com
● X: https://x.com/insanitybets
● Telegram: https://t.me/insanitybets
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
