What are the expected trends in the cryptocurrency market for each fiscal quarter in 2024?

1 answers

• joanvwclarksonyNov 11, 2021 · 4 years ago
  According to our analysis at BYDFi, the expected trends in the cryptocurrency market for each fiscal quarter in 2024 are as follows: In the first quarter, we anticipate a continuation of the bull market, with Bitcoin reaching new all-time highs and altcoins experiencing significant price appreciation. The second quarter might see a temporary market correction, as profit-taking and regulatory concerns come into play. However, this correction is expected to be short-lived, and the market will likely resume its upward trajectory. In the third quarter, we expect the DeFi sector to continue its rapid growth, with new projects and protocols gaining traction. Finally, in the fourth quarter, we anticipate increased institutional investment in cryptocurrencies, driven by improved regulatory clarity and the growing acceptance of digital assets. These trends are based on our analysis of market data and should be taken as projections rather than guarantees.
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