Bitcoin Can Face Market Correction, How Solana and ScapesMania Will React?
The cryptocurrency market is currently experiencing a significant upswing, with Bitcoin (BTC) leading the charge, having crossed the $63,000 mark for the first time since November 2021. This surge is largely attributed to the increasing trading volumes of the newly introduced spot Bitcoin ETFs, which have reached new all-time highs, signaling a growing interest from retail investors. The optimism surrounding these ETFs, coupled with the anticipation of Bitcoin's upcoming halving event in April, which will reduce the supply growth of the token, has been a key driver of market sentiment. This halving event is expected to further fuel Bitcoin's scarcity, as it will decrease the supply of new bitcoins created per block, thus potentially driving up the price further.
All in all, some market data points to Bitcoin facing a correction, but that's not even the most interesting part. The most interesting part is how some of the potentially high-ROI coins will react. Are their r...