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.
Similar Stories to Here Are The Make-or-break Factors For Bitcoin After A Blistering Rally So Far In 2024 on Bing News
kcloonan@insider.com (Kelly Cloonan), Business Insider
Sat, 10/26/2024 - 5:26am
Topics: i january matt hougan federal reserve gary gensler nfts standard charter geoff q4 sec hougan hougan us baehr trump etfs rally make-or-break factors crypto market year months spot odds rate token central accelerate market.the monetary cryptocurrency clear appears years told regulatory tokens blackrock
BING NEWS:
- Here are the make-or-break factors for bitcoin after a blistering rally so far in 2024
Bitcoin is up 57% this year, and poised for further gains if some key factors—ranging from policy easing to the US election—can align, experts say.
10/26/2024 - 3:07 am | View Link - Bitcoin to benefit from rising hashrate, inflation fears, crypto-friendly president
Steady institutional demand, a rising hashrate and a crypto-friendly US presidency will be major factors in Bitcoin’s price recovery.
10/22/2024 - 11:27 am | View Link - Bitcoin Prices Reach Highest Since Late September As Multiple Factors Fuel Gains
Bitcoin prices rose sharply today, climbing more than 6% to attain their loftiest value since late last month as a wide range of variables drove gains.
10/14/2024 - 4:59 pm | View Link - As Bitcoin soars past $65,000, what factors will drive it to new all-time highs?
However, bitcoin might soon break new all-time highs, according to several analysts. Max Keiser predicts bitcoin will reach $200,000 by the end of 2024, while Bernstein analysts have revised their ...
10/14/2024 - 11:01 am | View Link - More
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