We are looking at an exhilarating turn of events in the crypto market! Bitcoin surged past the $52,000 milestone during the Lunar New Year celebrations. Furthermore, at the time of writing (February 29, 2024), Bitcoin is already trading at $62,000!
With the global cryptocurrency market breaking through the $2 trillion mark, the Crypto Fear and Greed Index steadfastly holds at 80! This indicates prevailing optimism for further market upswings.
Furthermore, the top 20 cryptocurrencies in terms of volume continue to grow every hour! Meanwhile, more and more crypto projects are gaining public attention with notable developments. Last week, OpenAI was promoting their newest venture Sora – an AI-driven text-to-video tool that will revolutionize the AI coin sector.
On the other hand, BlackRock Bitcoin ETF managed to achieve a record-breaking volume for a second consecutive day! On February 27, 2024, BlackRock recorded more than $1.30 billion in daily trading volume with nearly 42 million shares changing hands.
Dogecoin’s popularity and value also skyrocket following the announcement of its listing on Japan’s largest crypto exchange. Similarly, Ethereum’s Dencun upgrade on testnets was successful, creating a positive sentiment on their upcoming mainnet upgrade. With all the positive news and green candlesticks on the market, now would be the perfect time to buy your favorite coins on MEXC!
BTC Price Prediction From Analysts
As Bitcoin (BTC) is enjoying a pre-halving rally, many have set sights on a lifetime high target of $69,000. The market sentiment believes that this period would be great for some short-term profits. With Bitcoin halving happening weeks ahead and the expectation of the Fed’s interest rate cut during mid-year, BTC price might continue to rally.
According to Forbes Advisor, Senior analyst Nicholas Sciberras from Collective Shift mentions that:
“It’s difficult to put any price target out there, as the sky could become the limit depending on the level of adoption and external factors in the market.”
However, he mentioned that the journey of Bitcoin up til now was nothing short of impressive. As Bitcoin’s adoption grows and more ETF approvals, there might be even more funds – up to $US300 Billion channeling into Bitcoin.
On the flip side, regulations will be a constant challenge along with government and public sentiment. He believes that if the US grows more wary of cryptocurrencies, legislation would cripple the US crypto industry.
Nevertheless, Sciberras is still very bullish on Bitcoin’s future prospects. With the right push, BTC might be an irreplaceable currency in the future world.
The price predictions provided herein are for informational purposes only and should not be construed as financial or trading advice. Trading in financial markets involves risk, and individuals should carefully consider their financial situation and consult with a qualified financial advisor before making any trading decisions. The information provided does not guarantee any specific outcome or result, and past performance is not indicative of future results. Users should conduct their own research and analysis and trade with caution. We do not assume any responsibility for the accuracy, completeness, or timeliness of the information provided, nor do we accept any liability for any loss or damage incurred by users in reliance on such information.
Buy Bitcoin on MEXC With The Lowest Fee!
Starting from February 1, 2024, all users can enjoy 0.000% maker and taker fees for spot trading! Meanwhile, users can enjoy 0.000% maker fees on futures trading and only 0.010% futures taker fees. This allows users to experience minimum spending and receive maximum profit!
That is not all! By moving MX tokens from your spot wallet to your futures wallet, users can activate the MX Deduction program to enjoy an additional 10% discount on futures taker trading fees. Learn all about it now!
MEXC is Also Your Preferred Platform For New Token Listing
Explore the ultimate trading experience on MEXC! It is the premier choice for new token listings! At MEXC, we boast a comprehensive selection of more than 2,000 trading pairs while facilitating rapid coin listings. This ensures that you have access to both new and popular coins.
Furthermore, with 0% fees back on the table, your trading orders will bear no charges, making the process seamless and cost-effective! Don’t miss out on the opportunity to explore and trade the latest coins on a platform designed to prioritize your trading needs. Join us today!
How To Navigate The MEXC Spot Trading Page?
- Look for the Spot column on the MEXC homepage.
- Click on Spot and you will be directed to the spot exchange page.
- On the right bar of the spot exchange page, you can search for all tokens available in MEXC such as BTC/USDT, MX/USDT, SOL/USDT, and many more! You can also choose your preferred coin pairing, such as ETH/USDC, XRP/ETH, or MX/BTC.
- Once you have chosen your preferred coin pair, such as MX/USDT, you can begin your trading journey in the column below the K-line chart.
- Select your preferred price range from either limit, market, or stop limit.
- Select the total amount of tokens you would like to purchase and click Buy.
That’s it! Congratulations on buying tokens on the MEXC Spot Trading Page.
Conclusion
MEXC’s decision to bring back 0% fees showcases its commitment to the global community of cryptocurrency traders. As the platform continues to evolve, users can expect further innovations to simplify the trading experience and make it more accessible for everyone. Start trading now!
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