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.
People have been saying various things concerning the BlackRock ETF approval and are waiting to see where this will actually get to, but we must be never forget that this is not the major reason for the expected bullrun, it can only rise the market on a shirt time influence while the halving is what we await to see come through as a major push to a new all time high for Bitcoin market price.
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.
There's this notion that it will definitely happen this way that when bullrun occurs, it will facilitate many Bitcoin investors to come onboard and invest in it, they would have seen the very reason they would have waited on to see come to pass to clear their doubt about Bitcoin performance after halving and bullrun.