Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, CryptoQuant boss Ki Young Ju thinks Bitcoin could end 2024 under $59,000 despite it hitting new highs, Elon Musk voiced his support for ending the United States Federal Reserve, and Edward Snowden criticized Solana’s venture capital funding.

CryptoQuant CEO Ki Young Ju believes Bitcoin could end the year at just under $59,000 as he thinks the cryptocurrency’s futures market is overheated.

“I expected corrections as BTC futures market indicators overheated, but we’re entering price discovery, and the market is heating up even more,” he said. “If correction and consolidation occur, the bull run may extend; however, a strong year-end rally could set up 2025 for a bear market, [in my opinion].”

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