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Matrixport analysts believe that the fifth bull cycle of cryptocurrencies has begun and predict that Bitcoin will rise to $125,000 by the end of 2024.

Developers from Lightning Labs have launched an alpha version of the main network of the Taproot Assets project. This is a protocol that allows the issuance of stablecoins and tokens based on Bitcoin and the Lightning Network.

The Bitcoin halving is approaching: there are 197 days left until April 25, 2024, the approximate date of this event. However, some sites predict that the halving will take place a little earlier, on April 21, 2024; there are even calculations according to which it will happen a month earlier, in March.

According to CryptoSlam, on September 25, the daily volume of flush trading of non-fungible tokens on the Ethereum blockchain increased by 30%. The share of the indicator in the total NFT trading volume reached 50% and amounted to $4.7 million. Trading volumes for the most popular NFT collections, such as CryptoPunks and Bored Ape Yacht Club (BAYC), also increased.

The founder of investment firm SkyBridge Capital remains bullish on Bitcoin, despite the former cryptocurrency trading well below its all-time high reached in 2021.

Analysts at K33 Research linked the fall in Bitcoin futures trading volumes to the cryptocurrency market’s reaction to the fall in BTC spot trading volumes on the largest crypto exchange Binance.

Brevan Howard Digital, director of venture capital investment, said that the payment options of the USDT and USDC stablecoins will attract more users to the world of cryptocurrencies.

Fundstrat co-founder Tom Lee has increased his forecast for the bitcoin rate. Earlier, he said that with the approval of a spot ETF for bitcoin, the rate would rise to $150,000, but now we are talking about $185,000.

Jamie Coutts believes that despite the lack of clear regulations for stable cryptocurrencies in the US, they are in for a real boom. The analyst recalled that already in 2022, there was a significant growth in the stablecoin market: the total volume of payments in the first-level blockchains reached almost $6.9 trillion. However, since the beginning of 2023, this figure has decreased by 80%.

A popular cryptocurrency analyst under the pseudonym TechDev predicts a massive rise in bitcoin in the coming months if the economic cycle continues as it has in the past.