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13 Reasons Why the Next Crypto Bull Market May Come in 2024
WAGMI.
After hitting historical highs, the total cryptocurrency market shrank by $1.4 trillion in 2022, leading to widespread pessimism.
In a show of resilience, the market started recovering in 2023. Bitcoin went from $16k to $42k, rising 162% in value. Meanwhile, Ether almost doubled in value from $1.2k to $2.2k. For context, NASDAQ’s gains were 44%, S&P 500’s 18%, and gold’s only 12%.
Optimism and belief now dominate the crypto industry, and many are tipping 2024 as the year crypto reaches new all-time highs. In this article, I’ll go over 13 reasons why crypto enthusiasts expect a new bull market this year.
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