What better start to 2024 than with a nice pump?
Bitcoin and Ethereum are off to a great start with two strong price rallies, with King climbing above $45,500 and Ethereum climbing above $2,400.
Expectations were and have remained bullish with the first BTC Spot ETF likely to be approved later this week, opening the door to a large amount of institutional liquidity for the entire sector.
The $50,000 and $3,000 for Bitcoin and Ethereum no longer seem so far away and who knows, January may not be the ideal month to reach them.
The market capitalization returned above 1.7 trillion dollars while the dominance of BTC resumed 52% after a few weeks of downtrend in favor of the altcoins.
All eyes are now on the SEC and the looming deadline for approval of BlackROck, Ark, VanEck and Bitwise Spot ETFs.
According to the well-known page
It should be noted that the recent pump was accompanied by mediocre volumes typical of holiday days, which means the possibility of a possible bull trap, but it is only a consideration and not a certainty.
In the TOP 100 by marketcap there are altcoins that have truly exceeded all expectations, with incredible price rallies in the last 24 hours.
Astar +18.3%, Sei +18%, Hbar +15.9%, Near Protocol +15.7% and Wemix +14.4%
Regardless of the direction in the short term, there are good intentions for the year 2024, all that remains is to wait and stay updated.
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