Comment on Here are the make-or-break factors for bitcoin after a blistering rally so far in 2024

Here are the make-or-break factors for bitcoin after a blistering rally so far in 2024

Getty Images; Chelsea Jia Feng/BIBitcoin is up 57% this year, and market players see further gains ahead.Investors are bullish on the election, as well as further growth for bitcoin ETFs. They also acknowledge bearish factors like regulatory uncertainty and a lack of a post-election narrative.It's been a momentous year for bitcoin, with big price gains to match some of the most important developments for the token in years.It started with the Securities and Exchange Commission's groundbreaking approval of spot bitcoin exchange-traded funds in January.That made it easier for average investors to buy and trade the crypto, and helped mainstream the token via fund offerings from asset management titans like BlackRock and Fidelity.In April, bitcoin underwent its scheduled "halving," reducing the amount of tokens miners are rewarded by half.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News