- Bitcoin’s price in 2024 is expected to hit a record high, driven by several factors.
- An ETF approval, BTC halving, and Interest rate cuts are identified as potential price drivers.
- Experts predict Bitcoin could hit $125K by the end of 2024.
As 2023 draws to a close, the cryptocurrency market’s recent resurgence has prompted speculations of a much more positive performance in the upcoming year. Crypto enthusiasts are anticipating the leading digital asset, Bitcoin, to set new records and onboard new crypto natives.
The expectations for a bullish 2024 hinge on several factors, which experts predict could drive higher price movement—notably, a widely expected spot Bitcoin exchange-traded fund (ETF) approval by the US Securities and Exchange Commission in January.
Going by analysts’ estimations, an ETF approval is expected in the early weeks of January. Already, optimism around a possible approval has sent crypto prices up since November, with Bitcoin peaking at $44K and staying above the $40K levels since then.
According to analysts, a spot Bitcoin-ETF will make the digital asset tradeable on the US stock market. Furthermore, the influx of institu…
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