Bitcoin (BTC) has surged to $68,000, only 8% away from its record high, as altcoins struggle to catch up. Bitcoin’s market dominance has reached a three-year high, marking a growing preference for the cryptocurrency and related investment products. Analysts suggest that once Bitcoin’s dominance declines, altseason will kick off.
Standard Chartered has expressed a bullish outlook for Bitcoin, predicting that it could reach a new all-time high before the upcoming US presidential election. The bank also forecasts Bitcoin potentially surpassing $100,000 and possibly hitting $150,000 by the end of 2024, particularly if Donald Trump wins the presidency.
