Today's Bitcoin news highlights several key developments and trends. As of now, Bitcoin's price is hovering around $68,316, marking a significant increase of over 3%.
The cryptocurrency has started 2024 with a robust performance, with speculation that regulatory approval for a U.S.-based spot Bitcoin ETF could further boost its value.
Looking ahead, experts predict Bitcoin could reach new all-time highs in 2024, potentially hitting $88,000 before settling around $77,000 by year-end .
This optimistic outlook is partly driven by the upcoming Bitcoin halving event in April 2024, which historically reduces supply and increases prices .
Additionally, the growing interest from institutional investors and major companies is expected to drive demand further. The U.S. Securities and Exchange Commission's approval of multiple Bitcoin ETFs is also seen as a positive development that could attract more individual investors.
