Biggest Ever ‘Crypto Cycle’ Has Already Quietly Begun After Huge Bitcoin And Ethereum Price Rally

MARKET_WATCH

Crypto

Bitcoin BTC and ethereum have added a combined $400 billion to their market capitalizations so far this year, with one analyst already predicting the bitcoin price peak. Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market roller-coaster The bitcoin price last week topped $30,000 per bitcoin for the first time since June but has since fallen back along with ethereum despite Bank of America naming a surprise "key driver of digital asset adoption" that passed $1 billion in value last month. Now, analysts with brokerage Bernstein have said a new "crypto cycle" has already begun for the price of bitcoin and ethereum—though this hasn't been fully appreciated. It's at the beginning of a bull run you need up-to-date information the most! Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market MORE FROM FORBES'Staggering' $300 Billion Prediction Reveals Potential Bitcoin Price Peak After Huge Crypto And Ethereum BoomBy Billy BambroughThe bitcoin price has surged so far this year along with the ethereum price.NurPhoto via Getty ImagesThis will be the "first crypto cycle which will see participation from leading institutional investors," Bernstein strategists wrote in a report seen by Coindesk, with macro catalysts, a new bitcoin mining cycle, and ethereum upgrades all contributing to what they predict will create a new bitcoin and ethereum price bull run. "The opportunity to build a new institutional financial stack on the blockchain remains a worthy goal, and serious participants remain focused on the long term," the researchers added. FTX's sudden and surprise implosion late last year signaled the end of what the analysts called "toxic crypto leverage" and taught crypto traders the need for decentralization and self-custody wallets. Meanwhile, this year's banking crisis that triggered a surge of outflows toward money-market funds and so-called systemically important banks has raised concerns over the "centralization of money." "Any potential dislocation, whether on the bank’s credit side, or on the sovereign side … positions bitcoin perfectly as a safe-haven asset alongside gold," analysts Gautam Chhugani and Manas Agrawal wrote. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curiousMORE FROM FORBESSurprise Bitcoin Easter Egg Fuels Wild Satoshi Nakamoto Identity TheoryBy Billy BambroughThe bitcoin price has bounced back from its recent lows this year, sparking speculation the new ... [+] bitcoin, ethereum and crypto price cycle could have begun.Forbes Digital Assets 

 

Source : [Biggest Ever ‘Crypto Cycle’ Has Already Quietly Begun After Huge Bitcoin And Ethereum Price Rally](news.google.com/rss/articles/CBMilwFodHRwczovL3d3dy5mb3JiZXMuY29tL3NpdGVzL2RpZ2l0YWwtYXNzZXRzLzIwMjMvMDQvMjAvYmlnZ2VzdC1ldmVyLWNyeXB0by1jeWNsZS1oYXMtYWxyZWFkeS1xdWlldGx5LWJlZ3VuLWFmdGVyLWh1Z2UtYml0Y29pbi1hbmQtZXRoZXJldW0tcHJpY2UtcmFsbHkv0gGbAWh0dHBzOi8vd3d3LmZvcmJlcy5jb20vc2l0ZXMvZGlnaXRhbC1hc3NldHMvMjAyMy8wNC8yMC9iaWdnZXN0LWV2ZXItY3J5cHRvLWN5Y2xlLWhhcy1hbHJlYWR5LXF1aWV0bHktYmVndW4tYWZ0ZXItaHVnZS1iaXRjb2luLWFuZC1ldGhlcmV1bS1wcmljZS1yYWxseS9hbXAv?oc=5) undefined - Forbes / April 20, 2023

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.