The post Crypto Price Analysis 8-14 BTC, ETH, SOL, TON, SHIB, UNI, DOT appeared on BitcoinEthereumNews.com.

Global crypto markets registered a 104% year-on-year (YoY) increase in market cap, with Bitcoin (BTC) remaining a standout performer, with growth of between 50% and 55%.  Several factors contributed to BTC and the crypto market’s performance during the current year. Chief among these factors were the Securities and Exchange Commission (SEC) ’s approval of spot Bitcoin and Ethereum ETFs, the fourth Bitcoin halving, and the launch of Runes.  Meanwhile, the co-founder of Bitmex, Arthur Hayes, has predicted BTC will hit $100k by the end of the year and a staggering $1 million by the end of 2025, outlining several factors that could drive a surge in BTC and the broader financial market.  Crypto Markets Register Growth  A report by Binance revealed that the market capitalization of virtual digital assets registered a growth of $720 billion during the calendar year. This is a 44% increase year-to-date and a 104% increase year-on-year (Y0Y). The report also sheds light on how growth in the crypto market has outpaced the traditional markets. Major stock indices such as Hong Kong’s Hang Seng Index and UK’s FTSE 100 have registered only single-digit growth in the year’s first half. In comparison, major cryptocurrencies such as BTC and Ethereum (ETH) have outperformed the markets by a wide margin. According to Binance CEO Richard Teng, the first half of 2024 has been remarkable for the crypto markets.  BTC’s dominance has been unrivaled thanks to the launch of spot Bitcoin ETFs, the halving event, and the launch of Runes. US spot ETFs have attracted inflows of over $17 billion and an average daily trading volume of $2.5 billion. Teng stated,  “The first half of 2024 has been remarkable for the global VDA market. Bitcoin’s increased market dominance and the enthusiastic reception of both Bitcoin and Ether ETFs highlight the growing…

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Filed under: News - @ August 15, 2024 4:26 pm