Cryptocurrency

Bitcoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-trends-reveal-positive-sentiment-in-cryptocurrency/" data-wpel-link="internal">Market Trends Reveal Positive Sentiment in Cryptocurrency</a> 
Today, the king <a href="https://en.coin-turk.com/bitcoin-price-update-whats-the-latest-status/" data-wpel-link="internal">cryptocurrency</a> surpassed $68,000, with a daily dip recorded at $66,666. Altcoin investors are smiling as the market trends have turned positive again. Senior analyst Jamie Coutts shared his insights on the overall market dynamics in his recent evaluation. What awaits investors now? 
<h2 style="text-align: justify" id="cryptocurrency-trends-and-analysis">Cryptocurrency Trends and Analysis</h2> 
Coutts discussed the positive fluctuations in cryptocurrencies alongside the global money supply. He believes that the global supply, which has reached $107 trillion, is improving the environment for risk markets and encouraging further upward movements. 
<blockquote> 
 “The global money supply has reached a new all-time high, hitting $107 trillion. It is not surprising that the expansion of the monetary base is putting upward pressure on asset prices, while eroding the purchasing power of fiat currencies. As more fiat money flows into the economy, there is an increasing influx of capital into anti-debt assets like Bitcoin.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-398384 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/global-likidite-ve-btc.png" alt="" width="1877" height="908"> 
The graph above illustrates how sensitive BTC is to changes in global liquidity. Rover also shared the Bitcoin (BTC) chart, noting that BTC is progressing towards six-figure targets as everything is unfolding as expected post-halving. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-398385 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/halving-2024-btc-tahmini-scaled.jpg" alt="" width="2560" height="1438"> 
<h2 style="text-align: justify" id="tia-coin-insights">TIA Coin Insights</h2> 
Regarding altcoins, popular <a href="https://en.coin-turk.com/bitcoin-btc-and-ethereum-eth-price-analysis-will-the-bullish-momentum-continue/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/jp-morgans-surprising-crypto-report-limited-negativity-emphasis-for-bitcoin-and-altcoins/" data-wpel-link="internal">crypto</a> analyst Poppe provided an update on TIA Coin. He indicated that the critical level to surpass is $7, and if stability is achieved here, reaching higher peaks will not be surprising. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-398386 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/tia-coin-18-ekim-yorum.png" alt="" width="2251" height="1186"> 
<blockquote> 
 “Altcoins are on the brink of a potential upward breakout. TIA faces a crucial resistance zone at $7. Surpassing this level means the next rally could reach $12.” 
</blockquote> 
The post <a href="https://en.coin-turk.com/market-trends-reveal-positive-sentiment-in-cryptocurrency/" data-wpel-link="internal">Market Trends Reveal Positive Sentiment in Cryptocurrency</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Market Trends Reveal Positive Sentiment in Cryptocurrency

Table of Contents

COINTURK NEWS

Other articles published on Oct 18, 2024

Nick Szabo, Len Sassaman, or Someone Else: Who is the Real Satoshi Nakamoto?

China’s Q3 growth slows to 4.6% as economic struggles continue

Fake Coinbase Website’s Mastermind Sentenced to 60 Months in Prison

Which Crypto Will Make You A Millionaire In 2024? Experts Predict Zig Network (ZIG) To Overtake L...

SHIB Trader Predicts Massive Surge for Bullish AI Altcoin After Dogecoin Success

When Will Bitcoin Price Go Higher? 6 Experts Share Their Views

Join our free newsletter for daily crypto updates!