all price scenarios for Bitcoin and Altcoin

In this article, we will see some future price predictions of the crypto market, with a specific focus on Bitcoin and on altcoins such as Ethereum.

There are several factors influencing the possible scenarios from now until the end of 2024, but experts seem to agree that there will be a generally bullish second half of the year. The bull run may not be over yet.

All the details below.

The trends that may affect future price predictions

According to the latest study by Ryan Lee, Principal Analyst at Bitget Research, the predictions of the crypto market will be influenced by several factors.

Both Bitcoin and altcoins are reeling in uncertainty, with the latest price trend appearing to be headed for pullback, but without excessive violence.

At this stage, it is likely that the predictions about the evolution of prices towards the end of the year will depend on the outcome of 3 very important events.

First, as Ryan Lee reminds us, the trend of the crypto industry is strongly influenced by macroeconomic dynamics on a global level.

If the Fed starts a monetary policy of tightening with at least 1-2 cuts by the end of 2024, we could see a strong return of liquidity to the market.

This is because a policy of interest rate cuts will force US investors to look for risk assets and move away from the current high yield bonds.

Already, we are starting to see the first positive signs, with the money supply M3 of the US appearing to be returning to include liquidity at a positive pace after a period of stagnation.

Another vector of possible market shocks in the crypto market concerns the upcoming outcome of the US presidential elections, expected in November.

Bitcoin and altcoin price predictions will be more optimistic than usual if Donald Trump becomes the 47th President of the United States.

In contrast to Biden, in fact, the Republican is more favorable to the expansion of the crypto sector, so his victory could bring a positive sentiment.

We remind that about 20% of the US population owns cryptocurrencies.

Finally, even the outcome of the mock ETH ETFs, which could potentially land on Wall Street by July 4th, will be crucial in understanding the direction of the market.

If the inflow of capital into the new exchange-traded funds for ether reaches the same numbers recorded by Bitcoin, there could be a strong bull in the quotes.

The increase in institutional demand for Ethereum could even push for a supply shock, which also supports the altcoin sector.

The market cap of the entire crypto sector and the Bitcoin dominance

Before analyzing the possible predictions of Bitcoin and altcoins, let’s focus on the state of the total capitalization of the crypto market.

At the moment, the overall value of the cryptographic token industry is 2.21 trillion dollars, up 35% since the beginning of the year.

If we take the beginning of 2023 as a reference, the growth rises to around 190%. However, from March it loses 20% of the quotations.

It is clear that after the upheaval of 2024, the market capitalization recovered significantly and reached the high zone without surpassing it.

According to the predictions of Bitget Research, under the influence of the key factors mentioned above, a market capitalization is expected to reach between 2.5 and 3.5 trillion dollars by the end of the year.

This amounts to a significant rise in the prices of the most important market assets.

It is also worth noting how the growth of Bitcoin dominance has accompanied the increase in the capitalization of the crypto sector.

Since January 2023, this index has grown by around 29%, indicating a convergence of capital around the main currency. During the same period, altcoins lost ground in favor of stablecoins, and indeed Bitcoin.

From here, it is possible that the dominance will continue to increase towards the end of the year, with forecasts, however, speaking of a possible reversal.

A sharp drop in Bitcoin dominance, combined with a stable BTC price situation, could trigger a bull phase of altseason.

Indicative, look out for the possible break of the 50% threshold.

Crypto analysis: Bitcoin and altcoin price predictions for the end of 2024

Having reached this point, let’s see what are the price predictions estimated by Bitget Research for the end of 2024.

Given the current trends and the scenarios that can affect the crypto landscape, if there are no negative surprises, we will have a positive price action in the coming months. The bull phase is expected towards the end of summer or the beginning of autumn, with an acceleration of the trend in the last months of the year.

In detail, the predictions for Bitcoin speak of a price range between 70,000 and 100,000 dollars. Breaking the historical highs seems only a matter of time, with the asset holding steady above $60,000.

On the altcoin front, the tokens belonging to the ecosystems of Ethereum and Solana will have the opportunity to benefit from the potential growth of their gas tokens.

Ethereum, as the top 2nd currency in the market, is expected in a price range between 5,000 and 8,000 dollars. In such a context, it may even outperform Bitcoin after a long period of underperformance.

It is also worth noting the possible attractiveness of memecoin in a situation of optimism in the cryptomarkets, which is likely to succeed in attracting large capitals again.

Even London-based bank Standard Chartered agrees that Bitcoin could reach the $100,000 threshold by the end of the year.

The same financial institution also predicted a maximum price of 250,000 dollars at the end of the 2025 bull run.

On the altcoin front, more precisely in Ethereum, Standard Chartered is equally optimistic, aiming for a maximum price of 14,000 dollars by the end of the year.

The trend of ETF spot ETH will be decisive for the outcome of the ether market: all investors are currently waiting for the start of trading for these products.