#MarketRebound As of December 24, 2024, Bitcoin (BTC) is trading at approximately $95,870, reflecting a year-to-date increase of over 130%.

Analysts attribute this growth to several factors:

Institutional Adoption: The approval of spot Bitcoin ETFs has attracted significant institutional investment, enhancing market liquidity and credibility.

Halving Event: Bitcoin's halving in 2024 reduced the supply of new coins, creating scarcity that has historically driven prices upward.

Political Climate: Expectations of pro-crypto policies following President-elect Donald Trump's reelection have bolstered market optimism.