CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (2024)

FAQs

Which crypto will boom in 2024? ›

CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space.

Bitcoin, ether (ETH) advanced 2%-3% over the past 24 hours on strong day for cryptos. BTC bottomed last week and should rise further based on daily cycles theory, according to chartist Bob Loukas.

Bitcoin USD Overview

The last known price of Bitcoin is 59,886.63124274 USD and is up 1.71 over the last 24 hours.

The PEPU token is poised to cater to a massive audience thanks to its viral appeal, and the developers plan to engage the community through social media-driven campaigns. While still in its infancy, PEPU's low entry price makes it a strong contender for those hoping to capture 1000x gains.

More commonly known as Ripple, the XRP (CRYPTO: XRP) cryptocurrency seems to be in dire straits nowadays.

Cryptos that could boom in 2024 include Render Token (a rendering network) and Solana. Bitcoin and Ethereum could also be poised for strong performances in 2024, thanks to the SEC's approval of Bitcoin ETFs and Ethereum ETFs.

Our most recent Bitcoin price forecast indicates that its value will increase by 12.84% and reach $67,634 by September 19, 2024.

Since its creation in 2009, bitcoin remains the most popular and valuable cryptocurrency. Bitcoin was created by a person, or possibly a group, using the pseudonym Satoshi Nakamoto. It's a blockchain-based, decentralized transaction verification system that has revolutionized how we think about digital security.

Put simply, the price of a given cryptocurrency is determined by how much interest there is in the market to buy (demand) as well as how much is available to buy (supply). If there is a high demand, but low supply, the price goes up. If there is a low demand, but a high supply, the price goes down.

What's happening with Ethereum? ›

Despite the recent drop, many analysts believe that Ethereum has strong potential for growth in the coming years. Some speculate that Ethereum could eventually surpass Bitcoin in market capitalization.

Recent high-profile financial meltdowns at Bitcoin, Celsius, and Terraform Labs, which together wiped out hundreds of billions in market value, helped trigger a flight from the cryptocurrency market, driving its value from $2.9 trillion last fall to less than $900 billion today.

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.

The most important thing to remember about Bitcoin is that it is a high-risk asset. Never invest money that you aren't willing to lose. Treat Bitcoin as a means of slowly growing your existing wealth rather than an all-or-nothing gamble. As with other investments, it's important to hedge your portfolio.

The cryptocurrency market is forecasted to reach $6.6 billion in 2024, with an estimated annual growth rate of -2.44%, leading to a projected total of $6.4 billion by 2025.

Of our potential list of five cryptocurrencies, three particularly stand out: Ethereum, Solana, and Polkadot. For example, Ethereum has a 0.82 correlation with Bitcoin, Polkadot has a 0.73 correlation, and Solana has a 0.67 correlation.