The Crypto Bull Run Has Started, Can Drive the Bitcoin Price to $100,000 in 2024
Feverish anticipation around spot bitcoin exchange-traded funds (ETFs) is driving experts’ positive sentiment for the bitcoin price.
On Monday, bitcoin prices climbed past $42,000 after reaching $40,000 over the weekend for the first time in more than a year. Overall, bitcoin prices have jumped over 120% in 2023.
Other cryptocurrencies like ethereum Dogecoin, and Bitcoin Cash have also rallied. The growth has largely been fueled by the massive inflows to crypto investment funds, which CoinShares reports have ratcheted up to a record $1.76 billion, representing the tenth consecutive week of investment in this range.
“It feels that [this] was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [next year] and [20]25,” Ledger CEO Pascal Gauthier recently told CNBC.
In November 2021, bitcoin famously apexed at a price of almost $69,000, and investors are hoping to see the world’s largest crypto climb back up to that level in the coming year.Want to know more CLICK HERE
