馃殌 Bitcoin (BTC) enthusiasts, get ready for an exciting ride! The first half of 2024 saw BTC soar to an all-time high of over $73,500 in March, marking a 115% yearly increase. 馃専
As we look ahead, several key factors could push BTC to new heights before the year ends. First up, the US Presidential Elections in November could stir market volatility. Donald Trump, a pro-crypto candidate, leads the polls and promises to boost BTC mining and oppose a central bank digital currency (CBDC). His potential win might positively impact BTC's price. 馃嚭馃嚫
Next, the Federal Reserve's actions are crucial. With interest rates currently at 5.25%-5.50%, a potential rate cut after the September FOMC meeting could make borrowing cheaper, driving interest in risk-on assets like BTC. 馃捀
Lastly, the Bitcoin halving in April 2024 has historically led to significant price surges. With BTC already spiking post-halving, the best might be yet to come! 馃搱
Stay tuned, BTC lovers! 馃寪