Take Stock of the Broad Market as Bitcoin Looks to Reclaim $100,000
By Beth Canova |
I’m sure by now you’ve heard that Bitcoin (BTC, “A”) broke above $100,000 for the first time ever earlier this week.
That’s exciting stuff! But, as our cycle expert Juan Villaverde points out, Bitcoin’s Next Move Is Critical to Keep This Rally Running.
Since the No. 1 crypto by market cap couldn’t hold firm above $100,000, the coming days will be very telling.
In short, BTC will need to reclaim and hold above that level with confidence before we can see more upside action in altcoins.
That includes the older coins, called “dino-coins” that have seen impressive rallies as of late.
Marija Matić pointed out the most impressive 4 Resurrected Crypto Dinosaurs Ready to Dominate Institutional Interest early in the week. All four are posting triple-digit gains in just over a month.
But, as Juan points out, savvy investors should still look to Bitcoin to see if these coins can keep going.
Juan also points out that these coins have limited fundamentals supporting this price surge. That makes them very susceptible to headline-driven volatility.
If you’re looking for projects that have more forces pushing prices than hype, Juan recommends you look for Big Potential in 3 Small Crypto Projects.
As you’ve seen for yourself now, select altcoins will outperform Bitcoin in a bull cycle. But not all altcoins have the same growth potential. In his second update this week, Juan breaks down the numbers behind his research … and how you can learn more about three small cryptos he believes will outperform the broad market.
And resident rocket scientist Dr. Bruce Ng suggests you look at the latest development in the AI sector for investment opportunities. In his update this week, he walks you through a simple two-step process to Find the Hottest AI Agent Projects.
As a reminder, AI agents are AI programs that can function autonomously. And as tech expert Jurica Dujmovic outlined last week, they have the potential to fundamentally change how we see the future of AI.
Speaking of Jurica, he’s already looking to the future. Next year, to be exact. He’s broken down what he believes will be the top 5 Opportunities & 5 Challenges for Crypto in 2025. Long-term investors should take a look to see what promises and pitfalls may be in store based on his analysis.
But that’s all for this week.
With volatility shaking up the markets again, I encourage you to keep checking in with our Weiss crypto experts here each day as we help you keep pace.
Best,
Beth Canova
Crypto Managing Editor