Latest Market Overview 2nd April: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, ADA, AVAX
In the first quarter of 2024, The Bitcoin Market and specific alternative cryptocurrencies experienced significant increases in value, but there is potential for a downturn shortly. During the initial three months of 2024, high-risk investments saw notable gains. The S&P 500 Index (SPX) surged by 10.2%, marking its most robust first-quarter performance since 2019, while Bitcoin soared by almost 69%. The question arises: will this upward trend persist in the second quarter, or is it time to consider taking profits? Investor optimism persists regarding Bitcoin’s outlook for the upcoming quarter. Anticipation of heightened institutional interest in spot Bitcoin exchange-traded funds and the impact of Bitcoin’s halving is contributing to this positive sentiment. Daily cryptocurrency market performance. Source: Coin360 Traders need to be careful after the strong Q1 performance because nothing goes up in a straight line. Bull markets are known for their sharp cor