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Bitcoin (BTC) opened the week trading beyond $48.2K. The leading digital coin is ready for a seventh successive day of gains, and that would mean the longest upward streak since January 2023.
BTC remains poised for solid runs this year, considering positive developments such as the recently launched exchange-traded funds and approaching halving. Meanwhile, AI offerings, token burns, and listing on popular platforms (such as Uniswap) position AltSignals (ASI) for longer-term success.
ETFs driving Bitcoin recovery
The US exchange-traded funds have seen massive traction since their authorization, aiding BTC’s recent recovery. The ETFs have attracted inflows worth over $9 billion since their debut, with BlackRock and Fidelity emerging as the most successful service providers.
— Bitcoin News (@BitcoinNewsCom) February 3, 2024
The crypto market is witnessing increasing institutional participants, which remains vital in driving long-term uptrends in the asset class.
Bitcoin price jumped above $49K as ETFs started trading. However, profit-taking saw the crypto losing around $10K of its value. Meanwhile, the subsequent bounce-back has opened the path to $50K, a price zone not explored since 2021.
Besides ETF inflows, Bitcoin sees increased optimism due to the upcoming halving event scheduled for April 2024.
AltSignals to join BTC’s come-back
AltSignals was among the top crypto projects in 2023, raising $1.8 million during its presale. The asset attracted investor attention due to its real-world utility and introduction of artificial intelligence to the cryptocurrency industry.
AltSignals launched in 2017 as a signal provider helping traders make informed decisions for increased returns. Its signals have had a remarkable 64% average accuracy, and the upcoming ActualizeAI layer targets an accuracy of over 80%.
ActualzeAI layer will leverage predictive modeling, natural language processing, and machine learning to improve AltSignals’ signal accuracy and volume.
Continued AI exploration, enormous token burn campaigns, and listing on leading DEXs such as Uniswap positions AltSignals for remarkable growth in the next bull run.
Friendly broad market conditions will see ASI prices hovering between $0.50 and $1 come 2025.
You can find more info about AltSignals on their website.
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