BlackRock Pursues Approval for Bitcoin Investment Option
Jan 19, 2024
Bitcoin's recent climb to $44,000 prompts scrutiny for sustained growth in 2024. Analysts stress the importance of generating new BTC addresses to bolster the bullish trend, noting a potential disparity between recent price surges and address creation that may signal impending corrections. Anticipation surrounds the prospect of a BTC spot ETF announcement, viewed as a game-changer capable of unlocking institutional investments. Expert insights suggest a possible revisit to Bitcoin's lows before a gradual upward trend, with a projected shift to an "up-only" mode. Despite a minor 1.49% dip in the past 24 hours, Bitcoin exhibits resilience with a 13.01% increase over 30 days, marking a notable year of triumph with a 146% surge. Ongoing developments, as reflected in hashtags like #BTCAllTimeHigh and #BTC2024HALVING, indicates sustained community interest.