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COINTURK NEWS > Bitcoin (BTC) > Bitcoin and GOAT Coin: What Lies Ahead in the Crypto Market?
Bitcoin (BTC)

Bitcoin and GOAT Coin: What Lies Ahead in the Crypto Market?

In Brief

  • Bitcoin shows strong recovery, aiming for an all-time high this year.

  • GOAT Coin's popularity remains uncertain amid market fluctuations.

  • Total crypto trading volume indicates potential for growth despite recent declines.

Fatih Uçar
Fatih Uçar 5 months ago
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As the last working day of the week unfolds, the anticipated sale of Silkroad assets by the U.S. government has not occurred. Analysts and crypto enthusiasts alike hope to avoid any unpleasant surprises by Sunday evening. With Trump firmly opposing this sale, public officials are expected to refrain from any such drastic actions. Bitcoin $104,821 currently hovers above $102,000, raising questions about the future value of GOAT Coin.

Contents
Bitcoin (BTC)GOAT Coin Insights

Bitcoin (BTC)

BTC has rebounded from its daily low of $97,335, reaching a promising threshold of $102,500. What more is needed for this upward trajectory? As a supporter of cryptocurrencies, the U.S. President’s stance fuels hopes for Bitcoin’s long-term growth through supportive measures.

Analyst known as Jelle shared a graph reiterating earlier predictions for a price surge. He anticipates that BTC will continue to rise, aiming for an all-time high (ATH) target of $215,000 by the end of the year.

Daan Crypto Trades remarked:

“BTC has broken out. The key level to watch now is just below $103,000, which will pave the way for a new peak if cleared.”

The total trading volume in cryptocurrencies remains around $160 billion, a notable decrease from over $300 billion in the last quarter of the previous year. This indicates potential for further growth. As BTC dominance weakens, XRP Coin has surged by 42%. XRP Coin is starting to play a role alongside ETH in breaking Bitcoin’s dominance. Simultaneous upward movement from ETH could bring joy to altcoin investors.

GOAT Coin Insights

There are millions of cryptocurrencies available, with 99% lacking utility and often absent from major exchanges. However, numerous new projects with valuable technology or loyal communities are emerging.

GOAT Coin has recently become one of the popular altcoins. Altcoin Sherpa highlighted the ongoing indifference toward this once-beloved cryptocurrency.

“Is it finally GOAT’s time? I still hold a position, but it’s much smaller than before. It seems to need a spot market.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 17 January, 2025 - 8:35 pm 17 January, 2025 - 8:35 pm
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