CryptoQuant: Bitcoin halving and ETF approval could potentially raise Bitcoin to $160,000
In a report, CryptoQuant analysts stated that the anticipated demand for Bitcoin from multiple spot ETFs in the United States, coupled with the upcoming halving and a broader stock market growth under an interest rate cut backdrop, could potentially push Bitcoin to a high of $160,000. Meanwhile, analysts predict that the bull market may begin in 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The S&P 500 index briefly surged to 6486.95, reaching a record high.
OpenAI and Anthropic cross-test models for hallucination and security issues
The Federal Reserve accepted $34.744 billion in fixed-rate reverse repurchase agreements.
US Treasury Secretary: There are 11 candidates for Federal Reserve Chair
Trending news
MoreCrypto prices
More
