Welcome to Crypto Insider's Friday Edition! As the week draws to a close, we're here to bring you a roundup of the latest developments, market movements, and expert insights from the world of cryptocurrencies. Join us as we reflect on the week's highlights and explore what lies ahead in the ever-evolving crypto landscape. Let's dive in and wrap up the week with a comprehensive overview of all things crypto!"

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $2.43T, a 3.34% decrease over the last day.

The total crypto market volume over the last 24 hours is $117.78B, which makes a 18.89% decrease. The total volume in DeFi is currently $11.31B, 9.60% of the total crypto market 24-hour volume. The volume of all stable coins is now $106.56B, which is 90.47% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 51.60%, a decrease of 0.24% over the day.

Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000

Crypto experts and analysts have given their opinions on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise to as high as $237,000. Now, this crypto expert has given a more ambitious price prediction, raising the possibility of Bitcoin hitting $500,000. 

Bullish Sentiment Shows Bitcoin Can Reach $500,000

Crypto analyst Michaël van de Poppe mentioned in an X (formerly Twitter) post that the likelihood of BTC reaching $500,000 long-term is “definitely there.” He based this assertion on the “overly bullish sentiment,” which he noted is great for Bitcoin. 

Related Reading: Crypto Expert Reveals Why XRP Price Will Rise 1,700% To $10

On the road to $500,000, Michaël van de Poppe noted that “corrections will happen and they will be rough.” However, he believes this shouldn’t deter investors but serve as a “giant buying opportunity,” especially when BTC corrects 20% or more. This has been the case with Michael Saylor’s MicroStrategy, which has continued to buy on Bitcoin dips and now holds 1% of Bitcoin’s circulating supply.  

Is Bitcoin price going to crash again?

Bitcoin’s ongoing price decline appears like a bull market correction, allowing the market to adjust and consolidate gains before potentially moving higher again. Previous bull market corrections in the Bitcoin market have witnessed prices declining 20-40%, raising possibilities of similar downturns during the 2024 bull market.

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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