ethereum cryptocurrency will jettison speedier

Open an account with Bitcoin IRA in only 3 minutes. The leading altcoin could also catch a bid in the first half of 2024 if the Federal Reserve begins cutting interest rates sooner or more aggressively than expected.Įthereum prices are up more than 60% year to date as of late November, but they have significantly lagged bitcoin’s 128% gain.Īdditional upside in 2024 will likely depend on monetary policy, additional clarity on the crypto regulation front and the ability of ethereum to demonstrate scalability as the number of decentralized applications, known as dApps, on ethereum’s programmable blockchain continues to grow. Once the SEC approves the first spot bitcoin ETF, ethereum investors are hoping it won’t be long before the first ethereum spot ETF gets the SEC’s stamp of approval as well.

The biggest crypto market catalyst investors are anticipating in the coming months is the likely SEC approval of the first spot bitcoin exchange-traded fund to trade on a major U.S. Together, bitcoin and ethereum now account for roughly two-thirds of the total global crypto market cap. While bitcoin still reigns supreme, ethereum has maintained its position as king of the altcoins. Securities and Exchange Commission has continued its crypto market crackdown throughout 2023, but some experts say the implementation of much-needed crypto regulations will open the door for more investors and money to flow into the crypto market. The leading altcoin is also updating its network to improve scalability.Īfter a solid 2023 performance, ethereum prices are back above the psychological $2,000 level and within striking distance of new 52-week highs.Experts anticipate the SEC will approve the first spot cryptocurrency ETFs soon.Ethereum is entering 2024 with bullish momentum.

Ethereum cryptocurrency will jettison speedier