Crypto Bull Market dey grow because big big company dem don dey accept am, moni don dey easy to get, and Bitcoin don scarce
Di cryptocurrency market, things don dey hot well well, as plenty money don enter market globally, money supply don swell, and big big companies don dey carry Bitcoin and other digital assets with full chest. Central banks, like the European Central Bank and Bank of Canada, don already cut interest rates, and dem dey expect US Federal Reserve to follow. Global M2 money supply don reach $93 trillion, wey dey make people fear say regular money go lose value, and e dey make scarce assets like Bitcoin fine pass. Big companies don put over $12 billion inside US spot Bitcoin ETFs for Q1 2024, and BlackRock's IBIT don even pass $18 billion for money dem dey manage. Pension funds, insurance companies, and even government money don dey put their hand inside crypto through trusted custodians. Bitcoin wey get only 21 million coins and the recent halving don make am stronger as a way to protect your money from inflation. People's mind for market don change well well, as ogbonge leaders like Raoul Pal and BlackRock CEO Larry Fink don dey call Bitcoin 'digital gold'. Technical and on-chain signs dey show say people dey buy am plenty plenty, and market no still too hot, wey mean say e fit still go up plenty. If e pass $112,000 resistance level, e fit trigger higher price targets, and e fit affect Ethereum, Layer 2 solutions, and other altcoins too. Investors wey sabi dey advised to jump in early, because the current situation—wey get plenty company adoption, small new supply, and heavy demand—dey resemble old bull cycles and dey show say crypto get serious money-making opportunities.
Bullish
Di combination wey global interest rates dey go down, M2 money supply dey go up, and institutions dey invest steady-steady, don create good environment for Bitcoin and crypto market generally. Plenty money wey dey enter ETF, pension funds and government institutions wey dey join body, plus di tori say Bitcoin fit helep against inflation, all dis don make people get strong belief say di price go rise. Di recent halving event don even reduce di new Bitcoin wey dey enter market, wey don push di price up more. Technical and on-chain signals show say di market no too hot yet, meaning say price fit still climb. For history, when things be like dis, price dey always skyrocket. So, for short term and long term, di outlook for Bitcoin and other crypto assets still dey very good.