Bitcoin's latest rise can be attributed to several key factors. First, there is an increase in interest from institutional investors such as large companies and hedge funds in Bitcoin. They began to actively buy bitcoins using futures contracts and directly, which led to an increase in its value. Even well-known companies such as Elon Musk's Tesla have invested significant sums in Bitcoin, causing its price to rise rapidly [❞]. In addition, the US Federal Reserve's decisions to pause interest rate hikes and possibly slow the pace of increases have also had an impact on growth Bitcoin price. News about the possible launch of a spot ETF for ether from Fidelity and the upcoming halving in 2024, which will reduce the reward for mining, have also become positive factors for the cryptocurrency market [❞]. Interestingly, recently there has been an increase not only in Bitcoin, but also in other risky assets, which may indicate general investor optimism regarding the slowdown in the rate of increase in Fed interest rates and the beginning of their reduction from the second quarter of 2024 [❞].
