The cryptocurrency market has been anything but stable in 2024, with Bitcoin and Ethereum experiencing major swings.
Recent price action suggests strong accumulation by institutional investors, while retail traders remain cautious. Regulatory developments in the US and Europe continue to shape sentiment.
Bitcoin’s next halving event in 2024 could serve as a bullish catalyst, as previous halving cycles have historically led to major price increases. However, macroeconomic conditions such as inflation and interest rates also play a significant role in determining whether a crypto rally can be sustained.
Ethereum’s transition to proof-of-stake and its impact on energy consumption has been a key narrative, drawing institutional investors while raising concerns about network security.
Historically, crypto market cycles have been highly volatile, with periods of rapid growth followed by extended corrections. Many traders use volume surges and breakout alerts to determine the best entry points for long-term positions.
Traders should monitor STKLY’s Volume Surge Alerts for early signs of the next crypto rally.
