Cryptocurrency Market Capitalization to Double to $5 Trillion by the End of 2024
Ripple CEO Brad believes the cryptocurrency market could almost double in value to $5 trillion by the end of the year, driven by the approval of spot bitcoin exchange-traded funds in the U.S. in January and the halving of mining incentives later this month.Brad also says ETFs drive institutional funding, saying, "You'll see that driving the demand, but at the same time, demand is increasing and supply is decreasing."
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Data: In the past 24 hours, total liquidations across the network reached $268 millions, with long positions liquidated for $174 millions and short positions liquidated for $93.5061 millions.
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