In the last quarter of 2023, BTC enjoyed significant gains and analysts projected 2024 as another bull year due to ranging factors of which Bitcoin halving and approval of the Bitcoin spot ETF are most significant.
Blackrock announcement about the approval of the spot ETF over the weekend could be the catalyst that have triggered the market in the first day of year 2024 with BTC and global marketcap up by 6% respectively and currently trading above the $45k mark.
While many are anticipating bullrun to kickstart after the Bitcoin halving, I have a feeling there could be a twist to this year's bullrun as it may not completely depend on the factors listed above. It's also important to note that the US interest rate is on a decline which is a good thing that could drive investors to opt for crypto. What do you think, let's discuss.
The good thing I see when January month start is the price of bitcoin reached at $45k aside from that nothing else happened yet. But I guess this ETF discussion will go more further as their are a lot of people keep discussing everything about that topic and there are some believe that it will get approve since Blackrock has strong stands against its acceptance.
But we also need to get prepared for its disapproval since we already see a lot of it and next thing happen is the dumping of bitcoin so to avoid any huge further loss for this event we must follow the current ETF update and don't miss any news so that we could provably what to do next.