The Biggest Crypto Predictions for August 2024
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The crypto market has experienced considerable volatility, and as we move into August 2024, significant developments are expected.
Bitcoin is on the cusp of reaching a new all-time high, with strong momentum and positive sentiment driving its price higher. Trading at $64,700, Bitcoin may soon breach its previous peak.
Political tokens are likely to decline as enthusiasm around the US elections fades, resulting in reduced investment in tokens like TRUMP, MAGA, and MVP, which have already seen significant decreases.
August is not expected to bring an altcoin season, as the broader market remains bearish. Investors should be cautious, as the overall sentiment impacts altcoin performance negatively. Focus may shift towards Bitcoin and other major assets.
Source: beincrypto.com ↗
