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For investors, turning bullish on Bitcoin is tempting, especially after a 91% rally to $52,000 in just four months ending on Feb. 15. Bitcoins current $1 trillion valuation places it among the worlds top 10 tradable assets and even ahead of the Warren Buffets world-famous Berkshire Hathaway,which has an $875 billion market capitalization.

The additional 34.5% gains needed for Bitcoin to reach $70,000 from the current $52,000 level represent a $350 billion increase in BTCs capitalization. This move would rank the cryptocurrency ahead of silver and the United Kingdoms pound, including bank deposits and currency bills. The key question is whether the current conditions support Bitcoins $1.35 trillion valuation.

One could argue that Bitcoin already cleared those hurdles in November 2021 when it hit its $69,000 all-time high. Repeating that feat seems more likely now, given the approval of spot Bitcoin ETFs in the United States and the resolution of some risks, such as Binances court battle with regulators and FTX exchange bankruptcy procedures.

Traditional finance fixed-income yields were below 0.50% in November 2021, which caused investors to seek risk-on assets for higher yields. U.S. inflation, measured by the Consumer Price Index (CPI), also spiked to 6.8% year-over-year in November 2021, the highest since June 1982. Conditions then strongly favored scarce assets while stock market investors feared global supply chain disruptions and COVID-19 impacted economic activity.

The latest CPI inflation data for January 2024 shows a 3.1% increase year-over-year, which remains above the U.S. Federal Reserve guidance but is moderately contained. It may be naive to assume current inflation presents a risk comparable to when Bitcoin reached its all-time high. Data shows investors expect a 10.9% earnings growth for S&P 500 companies, up from 3.8% in 2023. Hence, investors have little incentive to seek alternative assets compared to late 2021.

Related:MicroStrategy listing in the S&P 500 index could expose millions to Bitcoin

Since launching on Jan. 11, the spot Bitcoin ETF industry gathered an impressive $4 billion net inflows in the U.S., surpassing $35 billion in assets, or 3.5% of Bitcoins market capitalization. In comparison, the collective holding of gold ETFsamounts to $210 billion, equivalent to 3% of its market capitalization if excluding the ~50% used in jewelry and medals. This doesnt imply Bitcoins ETF is nearing a limit but provides a rough indication that the asset class is more mature than in November 2021.

A significant selling point for Bitcoin is the institutional inflow that occurred. Yet, its price remains 25% below the $69,000 all-time high, or even lower when adjusted for inflation or the aggregate fiat money supply.

Bitcoins adoption has increased, but the bullish estimates of a $100,000 or higher price havent materialized. On the bright side, a $3 trillion market capitalization company was a distant dream in November 2021, but it became a reality for Microsoft and Apple. So, as long as the dollar continues to deteriorate, theres hope for Bitcoin to surge above $70,000, but its unlikely to happen ahead of the halving in April.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Bitcoin price unlikely to hit all-time high before the halving Here's why - Cointelegraph

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Investors from BCH and ETH are eyeing DeeStream (DST) at $0.035 as the next big investment.

Bitcoin Cash and Ethereum are among some of the coins making waves in the market. Investors looking to reinvest the gains from these projects are highlighting the new streaming coin, DeeStream (DST), which is selling for just $0.035.

Bitcoin Cash price has risen by 14% in the last 30 days as it continues its impressive start to the year. The coin is selling at $268.77. Investors are hopeful the Bitcoin Cash price could rise above $300 soon.

Ethereum is the second-largest cryptocurrency by market capitalization. Ethereum is currently trading at $2,917, representing a 10.66% rise last week and an 18% increase last month. The price is driving towards $3,000, and with the smart contracts on the ETH 2.0 beacon chain experiencing an increase in staking deposits, it has the potential to drive the price even higher.

Investors seeking to reinvest the gains from this project would find DeeStream to be a good option.

DeeStream introduces the first decentralized streaming platform, aiming to address the challenges content creators face with centralized platforms like YouTube and Twitch. These traditional platforms have faced criticism for their policies on user bans and demonetization.

Withdrawals also take a long time, and transaction fees for these platforms are usually higher than necessary. With DeeStream, content creators no longer need to worry about these problems. The platform also offers instant deposits, withdrawals, and the industrys lowest transaction fees.

Users on the platform can also earn by completing specific tasks and hitting significant milestones. They can also swap various cryptocurrencies on the platform at 0% commission.

DeeStream is attracting many investors from projects like Bitcoin Cash and Ethereum because of its revenue-sharing model. All presale investors will receive a 50:50 split with DeeStream if they hold on to their tokens. At a giveaway price of $0.035, anybody can get a DST token, making it a cheaper yet more rewarding alternative to Bitcoin Cash and Ethereum.

There are 300 million DST tokens, which are selling out fast. We believe DeeStream (DST) has the potential to do excellently in the cryptocurrency market, and now is a good time to get into the project for the best returns.

Find out more about the DeeStream presale by visiting the website here.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Bitcoin Cash profits shift to Deestream presale as Ethereum investors sell at peak - crypto.news

Bitcoins (BTC-USD) price has been on an absolute tear lately as we approach the much-anticipated halving in April. The flagship cryptocurrency is up more than 114% over the past year, recently hitting 24-month highs. With the Securities and Exchange Commission approving several spot Bitcoin ETFs and more institutional money flowing into this asset class, it seems Bitcoins rally may just be starting.

Bitcoins built-in scarcity makes it an intriguing potential store of value, almost like digital gold for the digital age. The upcoming halving cuts the Bitcoin miners block rewards in half (and thus the tokens incoming supply). This could create a supply shock that sends Bitcoin stratospheric.

While Bitcoin garners much of the attention in this space, and rightfully so, savvy crypto investors know smaller altcoins can deliver truly outsized returns during bull runs. The last major run-up in late 2020 saw many altcoins deliver returns well over 1,000%!

Of course, with bigger potential rewards comes bigger risks. Altcoins remain extremely volatile and highly-speculative assets. I only recommend investing money you can afford to lose. Still, for those with some risk tolerance, Ive compiled three altcoins I believe are undervalued heading into the upcoming halving.

Source: Maurice NORBERT / Shutterstock.com

At first glance, SwissCheese (SWCH-USD) may look like another meme coin thanks to its quirky name. But dont let that fool you. This project has real substance and utility that could make it one of the most sought-after cryptos once word spreads.

SwissCheese aims to democratize trading and investing by enabling fractional ownership of stocks through tokenized representations on its decentralized platform. Users can access these fractional stocks through any digital token, cryptocurrency, or the native SWCH token. Each tokenized asset essentially represents a slice of an underlying stock.

This concept blows open stock market investing for those currently blocked by borders, regulations, or lacking payment options. Crypto knows no borders, so accessing U.S. stocks becomes far easier from abroad using SwissCheeses platform. Decentralization also brings privacy benefits, which will appeal to many crypto enthusiasts.

As I write this, SwissCheeses market capitalization sits at just $6.4 million. That said, the projects total addressable market here could be enormous, given the platforms global appeal and ability to tap into crypto hype. If SwissCheese gains even modest traction, its tiny valuation today could translate into 10x or 20x returns (or higher) ahead. That asymmetric risk-reward looks compelling to me.

Source: Marko Aliaksandr/ShutterStock.com

Alephium (ALPH-USD) has been skyrocketing lately, joining the ranks of red-hot layer 1 blockchain projects. It competes directly against names like Kaspa (KAS-USD), Sei (SEI-USD), and others, but still sports a reasonable $190 million market cap at the time of writing.

This sharded blockchain platform focuses on delivering scalability, security, and energy efficiency to power the next generation of Web3 and decentralized applications.

From a tech perspective, Alephium uses a UTXO model and a unique Proof-of-Less-Work consensus that improves on Bitcoins pioneering protocol. It also boasts a custom virtual machine and tooling to support developers building on Alephium.

Over the past year, weve witnessed immense speculation and interest around ambitious layer 1 chains. Just look at Kaspas parabolic rally.

Alephium offers a similar value proposition yet trades at a fraction of its competitors valuations. Given the massive room for additional upside, I wouldnt be surprised if ALPH enters the ranks of 10-figure market cap cryptos.

Layer 1 protocols like Alephium offer ideal asymmetric upside for investors with a higher risk tolerance. Current prices seem inexpensive if Alephium can indeed evolve into a premium smart contract blockchain.

Source: Shutterstock

At the intersection of two red-hot trends AI and crypto sits PAAL AI (PAAL-USD). This chatbot project uses artificial intelligence and machine learning and integrates these technologies within its network.

PAAL AI also incentivizes its community by rewarding users with native tokens. PAAL tokens play governance and staking roles or can unlock premium features.

Weve witnessed the explosion of interest and adoption around AI chat tools like ChatGPT in recent months. I believe its only a matter of time before blockchain-based AI projects like PAAL also grab investor attention. Thats especially true given the synergy with cryptos emphasis on computing power, decentralized networks, and community reward systems.

Consider Render Network (RNDR-USD), which allows users to monetize or access GPU power to run intensive computing tasks. Or proof-of-work chains that rely on miners contributing hardware for security and rewards. As blockchain platforms grow more advanced, I suspect well see far more collaboration and interplay with AI as well.

PAALs current market price suggests this token may be relatively inexpensive, if we continue to see surging interest in both AI and crypto. With the recent breakout to new highs and a current market capitalization of $176 million, PAAL AI offers sizable upside potential if adoption scales up in 2024 and beyond.

On Low-Capitalization and Low-Volume Cryptocurrencies:InvestorPlace does not regularly publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. Thats because these penny cryptos are frequently the playground for scam artists and market manipulators. When we do publish commentary on a low-volume crypto that may be affected by our commentary, we ask thatInvestorPlace.coms writers disclose this fact and warn readers of the risks. Read More:How to Avoid Popular Cryptocurrency Scams

On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.

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Bitcoin Halving Moves: 3 Altcoins to Buy Before They Become Moonshots - InvestorPlace

Its sometimes easy to forget that Bitcoin (BTC) is just a teenager, launched in 2009 by the enigmatic Satoshi Nakamoto.

Since then, Bitcoin has seen a meteoric rise, increasing from fractions of a penny to an all-time high of nearly INR 56,96,689 in November 2021.

The big B was the best-performing asset class of the decade preceding that all-time high. Bitcoin returned more than 230% during the 10-year period ending in March 2021. For that reason alone, its now firmly entrenched in the mainstream.

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But Bitcoins price journey has been far from smooth. The original digital currency has experienced many violent dips and pumps. Lets take a closer look at the ups and downs of Bitcoins price history.

Bitcoin was originally worth next to nothing.

The transaction that first gave Bitcoin monetary value was in October 2009, when Finnish computer science student Martti Malmi, known online as Sirius, sold 5,050 coins for around INR 414.65, giving each Bitcoin a value of $0.0009 each.

The exchange took place on PayPal. That can be hard to believe, with so many crypto exchanges dedicated to buying and selling BTC nowadays.

The growth in BTC adoption in the early years started slow. If you look at Bitcoins pricing data on Google Finance, it only goes back to Nov. 20, 2015.

The early years were characterized by very little infrastructure, with only a few hobbyists buying and selling BTC.

There was no action to speak of and no news cycle, says Alex Preda, a professor of professions, markets, and technology at Kings Business School in London. Bitcoin was a fringe phenomenon confined to a subculture of software engineering and not a financial phenomenon.

The first real world transaction took place in May 2010 on a Bitcoin forum.

Posting to the bitcointalk.org forum, Florida native Laszlo Hanyecz enquired whether anyone would order him two pizzas for 10,000 Bitcoins.

After purchasing two pizzas from Papa Johns worth approximately INR 3,380, the price of each Bitcoin came to $0.0041. Those pizzas are the most expensive ever ordered, worth nearly INR 16 billion today, averaging around INR 1 billion per slice.

Hanyecz did the impractical transaction for the sake of it, telling The Sun, I wanted to do the pizza thing because, to me, it was free pizza. I mean, I coded this thing and mined Bitcoin, and I felt like I was winning the internet that day.

Bitcoin wasnt even worth a dollar until February 2011.

Thats when the fireworks started. By June 2011, the price of Bitcoin had shot up 30 times, reaching a value of INR 2,471. In a hint of what was to come, the spike didnt last long, with Bitcoin dropping to INR 411..

Liquidity in late 2011 was low, and Bitcoins first competitor, Litecoin (LTC), emerged on the crypto scene in October 2011.

The introduction of LTC spelled some doubt among the community, with a 90% drawdown testing resolve. Despite a slight rebound, 2012 was uneventful, and BTC closed the year around INR 1,070.

Bitcoins price trajectory began to change in 2013.

Exchanges, most notably Mt. Gox handled 70% of all Bitcoin transactions by the end of 2014 and started onboarding more and more users. Crypto became more accessible as a result.

The price followed the increase in adoption. Opening in 2013 at INR 1,070, BTC skyrocketed to breach INR 82,389 by November 2013.

Success waned the following year after the Tokyo-based Mt. Gox experienced a security breach with hackers stealing INR 4,942 million from its coffers. Mt. Gox shut down due to insolvency causing Bitcoin to slump to around INR 24,710 by the end of the year.

The Mt. Gox case generally demolished investor trust in BTC, and it affected the sentiment toward crypto on a much broader scale, says Alex Faliushin, CEO of crypto lending platform CoinLoan.io.

Between 2015 and 2016, Bitcoin trudged slowly along, making the price action relatively muted. It closed 2016 at around INR 82,389.

The following year saw more investors pour into the asset as increasing media coverage began to draw in the average retail customer.

Price barriers were torn apart with ease. BTC broke through INR 82,389 in early January 2017 and INR 1,64,733 in May 2017. BTC then doubled to INR 3,29,464 in August 2017.

Now, Bitcoin was finally beginning to win doubters over. Futures contracts began trading on the CME and many in the market felt like Bitcoin was becoming a genuine financial asset class.

The fear of missing out took hold, and more and more people flooded in to buy this up-only asset. Bitcoin popped to INR 8,23,537 in November 2021 before nearly doubling to almost INR 15,64,720 the following month.

Little did investors know then, but it took nearly three years to regain these price levels again.

The year 2018 didnt slow Bitcoins downtrend. BTCs price collapsed, closing out the year below INR 3,29,464. Then digital currency closed out 2019 at around INR 5,76,472.

With two years of relative inactivity and a consistent downtrend, many wrote Bitcoin off as a fad, having failed to solidify its place in the mainstream market.

Then the Covid-19 pandemic struck, and the stock markets dropped violently in mid-March 2020.

Bitcoin wasnt spared, shedding 50% of its value in less than 48 hours to trade below INR 3,29,464. Some hypothesized that the Covid-inspired dip would be Bitcoins final nail in the coffin.

But those skeptics were very wrong. With the Federal Reserve responding to the Covid-19 pandemic by printing money for fiscal stimulus, asset prices across the board rose sharply.

Growth and tech stocks showed explosive gains, but Bitcoin got everybody talking. After halving to less than INR 3,29,464in March, BTC hit INR 8,23,537 in May 2020.

But it made its real move in the final quarter of 2020. It shattered its all-time high by breaching INR 12,35,197 in November 2020, moving above INR 16,47,196 in December 2020, and ending the year at around INR 23,88,435 with a market cap of more than INR 44,384 billion.

As retail investors poured into markets and the Federal Reserve kept printing money, assets continued to inflate. Bitcoin hit INR 32,93,890 a week into 2021, INR 41,17,363 in February 2021 and INR 49,41,104 in March 2021.

After a turbulent couple of weeks in May, it dropped to less than INR 27,99,959 before rising to another all-time high close to INR 56,81,883 in November 2021.

Since November 2021, Bitcoin has struggled with the rest of the market. The up-only narrative from the days of money printing was over, with economies struck by rampant inflation.

The Fed has been hiking interest rates since early 2022, with assets furthest out on the risk spectrum getting punished the most.

Higher interest rates mean a greater cost to borrow, less investment, and a general reduction in the level of demand in the economy.

Bitcoin has been in freefall since early this year amid the crypto winter.

The most damaging month this year was May, when the collapse of stablecoin TerraUSD sparked a round of contagion in the cryptocurrency markets, pulling Bitcoin down from INR 32,10,148 in early May to INR 16,46,230 by mid-June, where it hovers today.

Investors hope this downturn is just the latest dip to precede a sharp rise, as history has repeatedly shown for Bitcoin.

Historically, October is known as a green month, increasing 26% on average. If thats the case, we may see prices head toward the INR 19,75,609 mark.

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The Bitcoin market witnessed a strong recovery in 2023 after facing a slight downside due to global macroeconomic situations and inflation data. The year turned out to be uncontrollable for the cryptocurrency, BTC.

In the first month of the year January, Bitcoin was trading at a low value of $16,000, it touched its peak later in July at $31,000 with a market capitalization of around $607 billion.

The stubborn inflation in countries like the U.S. and the U.K. also led BTC to fall below the level of $26,000. But, Bitcoin walked the stairs of recovery in the second half of the year. In July 2023 it reached around $30,500 but maintained recovering stability from October, when it was trading at around $34,298. At the end of the year 2023, BTC was trading at $42,809 as of Dec. 20 with a market capitalization of $838.58 billion.

At the beginning of the current year 2024, in the first week of January BTC was trading at around $43,906 with a market capitalization of around $915.81 billion. The recovery and rise have brought stability among the coins BTC and ETH.

As of Feb. 13, 2024, BTC hit the level of $50,107 for the first time since Dec. 2021 with a market capitalization of $982.72 billion and a cryptocurrency market capitalization of $1.87 trillion.

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Bitcoin Price History Chart 2009 To 2022 Forbes Advisor INDIA - Forbes

The crypto markets appear to be trading within equilibrium as the Bitcoin price remains stuck within a range. While bulls are not able to reclaim the levels above $52,000, bears also do not appear to be capable enough to drag the levels below $51,000. However, Star Crypto is about to end this indecisive phase soon, which may cause the BTC price to witness a fine drop, probably below $50,000.

Has the Bitcoin bull run ended before it started or is it just a compression before the expansion?

Regardless of the prevailing bearish pressure, the BTC price still carries a potential target above $55,000 before the end of the first half of the year. In the meantime, the price is expected to remain consolidated but fail to rise above the key resistance. As a result, a minor drop in levels is possible, according to top analyst Michael van de Poppe, with a plunge below $50,000.

Referring to the above chart, the analyst highlights the rise of the bearish forces since the beginning of the week. As a result, the price is expected to experience a drain, which may drag the levels towards the lower support zone below $50,000.

At this point, Im still leaning towards this scenario in which a flush on the downside seems likely.

Whats the key zone to watch?

I think $48.5-49.5K area for Bitcoin,

With this, one can expect a deeper retrace on the price in the coming days, which may halt the bullish upswing for a while. Meanwhile, the traders may still remain confident in the prevailing trend, as a strong rebound is expected to lift the levels towards the potential target above $55,000. Till then, the traders may consider each dip a good buying opportunity with enough research and analysis.

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Top Analyst is Bearsih on Bitcoin: Will BTC Price Drop Below $50,000? - Coinpedia Fintech News