Will the price of Bitcoin reach six figures in 2024?
In 2024, analysts expect a bullish trend in the crypto market, and its strength will depend on several factors, including the expected approval of a spot bitcoin exchange-traded fund by the US Securities and Exchange Commission.
According to analysts, a positive decision is expected in the first weeks of January. Optimism about possible approval has already driven the price higher, with BTC peaking at $44,000 in December and holding above $40,000 since then.
According to analysts, a spot Bitcoin ETF will make the digital asset available for trading on the US stock market. This, in turn, will provide an influx of funds from large institutions such as BlackRock, which will also attract new investors.
experts agree that all factors will lead to a new all-time high. Matrixport estimates that the first cryptocurrency could reach a peak of $125,000 by the end of 2024.
