When To Expect The Next Crypto Bull Run?

Looking at Bitcoin’s recent price cycle, we can anticipate the next crypto bull run to take place in 2nd quarter of 2024. With the Bitcoin halving event coming up in 2024, we can expect the prices to peak at the end of 2025. The crypto market is no doubt volatile and making 100% accurate predictions can be difficult. Despite these troubles, BlockDAG offers its crypto mining rigs to guarantee daily earnings for its users.  

What Is Crypto Bull Run And Bearish Market?

Common trends in cryptocurrencies are the crypto bearish market or crypto bull run, the market tends to move occasionally in either direction. Another term for a bearish trend is crypto winters, following the Bitcoin ETF approval the market is in a downward trend. On the other hand, many digital assets have gained over the past few months, but they can't be specifically said to make a bull run soon. 


Keeping the recent results in mind, it is not surprising that a lot of crypto investors are focused on crypto bull run prediction. To make a guess when the next bull run will come, we first have to focus on the crypto bull run history. Up till now, the market trend has been decided by Bitcoin so let's focus on the historical cycle of Bitcoin. 


How Bitcoin Has Evolved Over The Years?

Bitcoin showed a great surge back in 2023, the crypto leader gained 161.7% from year to date. The growth can be said to align with Standard Chartered’s bull run prediction and BTC to climb in value to $120,000 by the end of 2024. 


Furthermore, Bitcoin is getting attention due to its ETFs sector, gaining quite the fame of private investors and financial institutional tycoons. This change shows the adoption of Bitcoin in mainstream markets, according to reports, the ETFs are predicted to gain $17.7 trillion of institutional wealth. Taking the average returns of Bitcoin over the nine years, the value nears 35% showcasing the strength of the ETF marketplace. This feature makes the BTC a perfect coin for the next bull run. 


Hiking investors' confidence can be seen in the amount of capital inflows into Bitcoin. With the Bitcoin ETF approval, experts are still predicting the coin to gain up to $50,000 in the upcoming time. However, after the Bitcoin halving event, experts are anticipating the BTC value to break previous records and hit new all-time highs. 

When Was The Last Crypto Bull Run?

Looking at historical events, the crypto market has always surged after the halving event. The average hike in crypto values has risen over 100% in the past. On the contrary, following the crypto bull run, the market has also observed a drop of nearly 77% to 85%. This drop, however, takes around a year to reach its lowest. The next crypto bull run has been predicted to soar past $175,000 over the summer of 2025, which will occur 14 months after the halving. 


Even with these events taking place the global financial conditions and macroeconomic factors could affect these predictions. The crypto market still stands as a volatile market with economic uncertainty. Meanwhile, BlockDAG crypto comes with a promise to help investors understand this difficult landscape. The coin aims to make it easy for users to understand the profit-earning potential and what they might make using its profit mining calculator.

Comments

Post a Comment

Popular posts from this blog

Is BlockDag Network Presale the New Haven for Investors Amidst Binance's Shift from Major Cryptos such as Cardano & XRP?

Image
The year 2023 marks a pivotal shift in the cryptocurrency domain, with Binance's recent decision to stop new BUSD token minting by Paxos, leading to the eventual delisting of trading pairs for major cryptocurrencies like Cardano (ADA), XRP, and others by December 15. This development nudges investors and enthusiasts to look beyond the familiar terrains of established cryptocurrencies like Cardano and XRP, directing attention toward emerging projects like BlockDag (BDag) . BlockDag Network emerges as a noteworthy player, capturing attention with its innovative approach and cutting-edge features. Its promise is further bolstered by the exciting news of its presale, an event that underscores the growing interest and confidence in this emerging project. How Will Cardano Adapt to BUSD Delisting? The recent announcement from Binance about the delisting of ADA/BUSD trading pairs marks a notable shift in the trajectory of Cardano, a cryptocurrency revered for its solid technological infr
Read more

Explaining Bitcoin And Cloud Mining with The Easy Way

Image
Cloud Mining is a term you might have been hearing a lot lately when it comes to crypto mining. This process allows you to rent cloud computing power and help run the hardware and software on rental. Furthermore, the process allows users to pay a small fee and take part in the process. Doing so, allows the user to take advantage of mining without purchasing any equipment.  Cloud mining gives access to numerous people at a time to join in on the crypto mining. These cloud miners join the mining pool, where each user buys a limited amount of hash power. Here, every participant gets a divided share of the profits according to the hashing power they rented.  How Bitcoin Mining Works? Bitcoin uses ASIC miners and mining warehouses to make Bitcoin mining possible. For such a level of mining, to mine a single Bitcoin it usually takes around 155,000 watts of energy. To save energy and power, cloud computing is becoming the fastest-growing technology. The process is built on cloud computing tec
Read more