Bitcoin Price Prediction: BTC’s 25% Rise, Halving, ETF, FCA Stance & USD Data
In the intricate world of cryptocurrencies, Bitcoin price continues to maintain its dominance, both in market cap and in the headlines.
Currently priced at $34,745, it reflects a promising 2.% surge on Thursday alone. As the market buzzes with anticipation for the impending Bitcoin halving, the potential for an ETF approval further amplifies the sentiment.
However, it’s not all sunshine in the crypto realm; the Financial Conduct Authority (FCA) reveals that 221 crypto-based entities have already faltered against the newly set UK promotional regulations.
Simultaneously, the broader economic landscape shaped by the USD and its data remains a crucial factor influencing Bitcoin’s trajectory.
Bitcoin (BTC)
has reached a 17-month high, surprising many with its recent surge. While the exact reasons behind this surge are uncertain, it’s likely linked to two key factors: the upcoming BTC halving event and the potential approval of a Bitcoin exchange-traded fund (ETF).
Available #Bitcoin Supply to buy is becoming less and less.
The halving is only 160 days out, cutting the supply production in half.
The first Bitcoin Spot ETF is about to hit the market, increasing demand massively.
A perfect recipe for another massive bull run! pic.twitter.com/imZ6QRIJZh
— Crypto Rover (@rovercrc) October 25, 2023
The upcoming BTC halving, just six months away, has generated excitement in the cryptocurrency community. Historically, these halving events have boosted market sentiment and contributed to upward price trends, which is why many are now anticipating a new bull run.
Additionally, the growing hope for SEC approval of a Bitcoin ETF could also be influencing the positive momentum in the crypto market. The possibility of a regulated ETF for Bitcoin
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