The entire crypto market cap has exceeded $2.5 trillion, with Bitcoin leading the change smashed its own record by surging past a new height of $69,000!
Currently, the buzz word around folks is all about Bitcoin halving and the bull market. Coming April 2024, the Bitcoin halving will cut the reward for mining new blocks in half, from 6.25 to just 3.125 Bitcoins. This decrease in new Bitcoin could send prices soaring, and that’s got the whole market buzzing with much anticipation.
With the recent bull leading by new innovations such as Ordinals and Memecoins season comes into the play. For instant, Solana’s Memecoins, dogwifhat ($WIF) since it hits BiB Exchange on January 26, 2024, its price has skyrocketed more than quadruple in just a short period of time.
Is It Too Late to Ride the Bull Market Wave, or Is It Just a Bull Trap?
According to a recent report published by QCP Capital, this round of market move is mainly driven by individual speculative investors, while the big institutional players are yet to make major moves, and some are even cashing in on the recent price rise. Even JPMorgan called this a rally driven by ‘retail impulse’.
Taking a step back for a broader perspective, let’s consider the ‘Wall Street cheat sheet’, which outlines the stages of market cycles. It appears in the view of the writer, that we’ve moved past the ‘disbelief’ stage, often marked by pessimism during the bear market; at the same time, we’re also not quite at the ‘euphoria’ stage of peak bull market yet.
Currently we find ourselves somewhere in the optimistic lead-up to the Bitcoin halving, which positioned somewhere between ‘hope’ and ‘optimism’ phase. Typically, the bull run peak happens post-halving, as history shows us. So, we can expect some corrections along the way and there’s still opportunities to come after the halving event takes place.
How can I seize these opportunities with BiB Exchange?
Looking to capitalize on these exciting market opportunities with BiB Exchange? Here’s how BiB can help. At BiB we offers four main products, each with its own strength and unique features:
1. Spot Trading – BiB offers a vast selection of over 100 trading pairs. Plus, they also offer professional investment analysis to identify top-notch projects/tokens for users.
2. Derivative Trading – Supports up to 125x leverage, with a Copy Trading tool that allows zero experience users to replicate the strategies of professional traders, aiming for high returns.
3. BiB Earn – Looking for wealth management options? BiB provides products that protect your returns, offer flexible terms to manage market volatility, and enhance the value of assets you’re not actively using.
4. Mortgage Loan – Need funds but don’t want to sell your crypto? BiB allows you to borrow money while keeping your digital currencies, offering competitive rates without extra fees.
What if I’m new to crypto and I wish to get started now?
Diving into the crypto world and feeling a bit lost? Don’t worry, we’ve got you covered!
To begin, simply click on our link to sign up, determine your risk comfort level, and choose a wide selection of products we offer. This is your first step into the exciting world of crypto with us.
Plus, if you’re new here, join now and you could receive up to 35,000 in exclusive perks just for joining. Let’s embark on your crypto journey with BiB Exchange today!
In the next article, we will cover more about each and every one of BiB’s products. Stay tuned!