Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum apps hold $330B in user deposits, maintaining L1 dominance

12/09/2025

Virtual Protocol’s Bold $12.7M ETH for cbBTC Swap Unveils Astounding

12/09/2025

Jack Ma-Linked Yunfeng Financial Bets Big on Ethereum With 10,000 ETH Purchase

12/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Jack Ma-Linked Yunfeng Financial Bets Big on Ethereum With 10,000 ETH Purchase

    12/09/2025

    Ethereum price holds steady as Binance exchange supply shrinks, sparking hopes of a rally

    12/09/2025

    What Options Data Point to for Bitcoin (BTC) and Ethereum (ETH)

    12/09/2025

    BlackRock dwarfs competitors with $150 million Ethereum purchase in a day

    12/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT Social Engagement Soars as LINK, PENGU, and APE Dominate Rankings

    11/09/2025

    Tokenized Pokémon Cards Are Hot. Lending Them for Crypto Is a Different Story

    10/09/2025

    Ordinals Scrapyard turns Bitcoin NFT wreckage into tax write-offs

    09/09/2025

    OpenSea Makes Big Moves in Final Sprint to $SEA

    09/09/2025

    Ethereum apps hold $330B in user deposits, maintaining L1 dominance

    12/09/2025

    Virtual Protocol’s Bold $12.7M ETH for cbBTC Swap Unveils Astounding

    12/09/2025

    Jack Ma-Linked Yunfeng Financial Bets Big on Ethereum With 10,000 ETH Purchase

    12/09/2025

    South Korean Lawmakers Invest in Bitcoin, XRP, and Meme Coins

    12/09/2025
  • Blockchain

    Ethereum apps hold $330B in user deposits, maintaining L1 dominance

    12/09/2025

    Kaia and Taiwan Mobile Join Forces to Accelerate Taiwan’s Web3 Expansion

    12/09/2025

    Qatar Financial Centre Launches Blockchain Proof of Concept to Advance Islamic Finance

    12/09/2025

    Orochi Network Unveils zkDatabase Alliance to Usher in a New Era of Trustless Data

    12/09/2025

    Does crypto really need more blockchains?

    12/09/2025
  • DeFi

    Virtual Protocol’s Bold $12.7M ETH for cbBTC Swap Unveils Astounding

    12/09/2025

    Blazpay Partners with Euler to Drive Autonomous DeFi with Multi-Agent Intelligence

    12/09/2025

    21Shares Launches DYDX Fund as Institutions Eye Crypto Derivatives Market

    12/09/2025

    the first multi-location native prime broker debuts on Solana

    12/09/2025

    Pendle’s Kinetiq Markets Surpass $1 Billion

    12/09/2025
  • Metaverse

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025
  • Regulation

    South Korean Lawmakers Invest in Bitcoin, XRP, and Meme Coins

    12/09/2025

    Dwayne ‘The Rock’ Johnson Leads Kamala Harris as 2028 Democratic Presidential Hopeful on Polymarket

    12/09/2025

    Thailand’s Ex-PM Endorses Push to Build Regional Crypto Hub

    12/09/2025

    Vlad Tenev Pushes Robinhood Beyond Stocks

    12/09/2025

    U.S. Treasury Executes $1.4B Debt Buyback- Total Hits $7.4B

    12/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Altcoin in the Spotlight Announces $530 Million Deal and an Additional $310 Million Purchase

    11/09/2025

    Coinbase adds Sei, Pepe, Bonk and PUMP as collateral for perpetual futures trading

    11/09/2025

    Largest Russian bank Sberbank set to launch Bitcoin and Ethereum crypto derivatives

    11/09/2025

    Alchemy Pay Enters South Africa, Offers Support for ZAR On-Ramps via Bank Transfers

    11/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Undeads Games TVL Reached $30M+

    12/09/2025

    GameFi.org Joins Somnia to Accelerate Blockchain Gaming Advancement

    10/09/2025

    Intelligent Agents Set to Reshape Blockchain Gaming Ecosystems, Gaming Director Says

    09/09/2025

    XRPL Gamechain Testnet and Pudgy Party Launch

    08/09/2025

    Will miners sell or pivot amid AI power land‑grab?

    12/09/2025

    Brazil Clamps Down on Illegal Rio de Janeiro Crypto Mining Operation

    12/09/2025

    Hong Kong Police Arrest Two Over Alleged Crypto Mining in Care Homes

    11/09/2025

    Bitcoin’s Computing Muscle Hits 1,027 EH/s Benchmark, But Hashprice Shrinks 8.39%

    11/09/2025

    Nigerian Anti-Corruption Agency Chair Warns of Crypto Risks and Calls for Stronger Regulation

    12/09/2025

    SEC chair says most tokens are not securities, backs ‘super-app’ platforms

    12/09/2025

    Donald Trump’s Plans Thwarted! US District Court Rules on Fed Member Trump Tried to Dismiss

    12/09/2025

    Block defeats shareholder lawsuit over 2021 Cash App data breach

    12/09/2025

    Ethereum apps hold $330B in user deposits, maintaining L1 dominance

    12/09/2025

    Virtual Protocol’s Bold $12.7M ETH for cbBTC Swap Unveils Astounding

    12/09/2025

    Jack Ma-Linked Yunfeng Financial Bets Big on Ethereum With 10,000 ETH Purchase

    12/09/2025

    South Korean Lawmakers Invest in Bitcoin, XRP, and Meme Coins

    12/09/2025
  • MarketCap
NBTC News
Home»Bitcoin»Will Bitcoin hit a fresh all-time high in 2024?
Bitcoin

Will Bitcoin hit a fresh all-time high in 2024?

NBTCBy NBTC23/03/2024No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Exchange-traded funds (ETFs) have emerged as a significant topic, particularly concerning their potential to fuel the Bitcoin (BTC) price to surpass its previous all-time high (ATH) of nearly $70,000.

Furthermore, BTC proponents are optimistic that the upcoming halving event scheduled for April 2024 will provide a further boost to the world’s flagship cryptocurrency.

Bitcoin’s bullish momentum

Bitcoin (BTC) hit its highest price since 2021 and neared its record peak of $69,000 achieved in November 2021, before undergoing a significant correction. The price remains comfortably above the $62,000 price region at press time.

Bitcoin’s strong bullish momentum has been mainly credited to significant fund inflows into the global cryptocurrency market, driven by the long-awaited approval of spot exchange-traded funds (ETFs) for the orange coin in the United States.

These ETF approvals have attracted billions of dollars in institutional investments, contributing to Bitcoin’s strong upward momentum.

Despite subsequent volatility, Bitcoin’s resilience and growing institutional interest have fueled optimism among investors.

Out of the 11 spot Bitcoin ETFs approved by the Gary Gensler-led Securities and Exchange Commission (SEC) in January, 10 are actively trading and attracting significant inflows.

According to K33 data research, the nine newly approved spot Bitcoin exchange-traded funds (ETFs) in the U.S. now collectively manage more than 300,000 Bitcoin (BTC), valued at over $17 billion at the time the data was collected. This figure represents a new high for these funds, as it accounts for approximately 1.5% of the total 19.6 million BTC currently in circulation.

The newborn nine have amassed 300,000 BTC! pic.twitter.com/TfNWGgsSmg

— Vetle Lunde (@VetleLunde) February 27, 2024

The latest data from the GBTC website reveals that Grayscale holds approximately 445,386.8454 BTC, valued at around $27.61 billion at press time. When considering the combined holdings of both the recently approved spot Bitcoin ETFs and Grayscale’s assets, the total worth of the cryptocurrency held by these entities stands at around $43 billion.

Notably, the total mentioned does not encompass the holdings of Grayscale, which converted its longstanding Bitcoin Trust (GBTC) into a spot Bitcoin ETF following approval by the SEC. You might also like:

Bitcoin ETFs fueling investor demand

While the debate over the impact of ETFs on Bitcoin’s price continues, other factors have also influenced the asset’s solid performance thus far.

A vast array of fund managers are swiftly acquiring the virtual currency in response to client demand, as investors seek to purchase ETF shares that mirror the underlying price of the asset.

Among the newest batch of Bitcoin ETF operators, BlackRock, the world’s largest fund manager, leads with assets under management exceeding $7 billion.

[1/3] Bitcoin ETF Flow – 26th Feb 2024

All data in. Strong day with $520m net inflow

Total net inflow since 11th Jan is $6,030m. pic.twitter.com/Iz4khAzEev

— BitMEX Research (@BitMEXResearch) February 27, 2024

According to FactSet, trading volume for the iShares Bitcoin Trust (IBIT) surged on Feb. 28, with approximately 96 million shares traded, more than double its previous record of about 43 million shares set on Feb. 27.

These ETF products have proven immensely successful as investors, previously unable to access Bitcoin in a secure and regulated manner, now gravitate towards the space.

Conversely, sceptics warn that the introduction of a Bitcoin ETF could exacerbate volatility and speculative trading, leading to unpredictable market dynamics. They cite concerns about market manipulation, lack of oversight, and the potential for investor losses as reasons to proceed with caution.

Bitcoin Halving: a catalyst for price surges

The Bitcoin halving event, occurring approximately every four years, has significantly influenced Bitcoin’s price trajectory and market dynamics over the years. During each BTC halving event, the reward for mining new blocks is halved, effectively reducing the influx of new coins into the market and impacting its supply.

Historically, Bitcoin halvings have heralded substantial price rallies. Following the 2012 halving, Bitcoin’s price surged by 80-fold, while post-2016 halving, it witnessed a 300% rise. Notably, in the 16 months after the 2020 halving, Bitcoin’s price skyrocketed by over 600%.

Many analysts and experts are optimistic about the potential of the upcoming halving to propel Bitcoin’s price to new all-time highs. Forecasts predict a surge to at least $130,000 by the close of 2024.

Not everyone agrees.

JPMorgan, for example, expects Bitcoin’s price to drop to $42,000 after the halving.

For those who are unaware, the halving event serves to maintain Bitcoin’s scarcity and prevent excessive price inflation. By reducing mining rewards from 6.25 Bitcoins per block to 3.125 BTC, the halving further accentuates Bitcoin’s scarcity and aligns with its deflationary principles.

This scarcity-based model underpins Bitcoin’s controlled supply mechanism, ensuring that only 21 million BTC will ever be in circulation.

As of the time of writing, Bitcoin is exchanging hands for $62,413, with a market cap of over $1.2 trillion. Whether the bullish predictions of analysts concerning a significant ATH for the world’s flagship crypto will come to pass in 2024, remains to be seen.


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum apps hold $330B in user deposits, maintaining L1 dominance

12/09/2025

Virtual Protocol’s Bold $12.7M ETH for cbBTC Swap Unveils Astounding

12/09/2025

Jack Ma-Linked Yunfeng Financial Bets Big on Ethereum With 10,000 ETH Purchase

12/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.