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As institutions pour in, market indicators show bitcoin price breakout coming in 2024
As institutional interest in bitcoin exposure grows, several market metrics indicate that demand for the asset is growing. Coupled with the upcoming bitcoin halving event, this growing interest could result in a significant bull market run in early 2024. Perspective: Rising institutional interest in bitcoin, underscored by BlackRock’s desire to offer a spot bitcoin exchange-traded fund (ETF), appears to have strengthened bitcoin price stability, given rise to the number of addresses holding at least 10,000 bitcoin and driven an increase in long-term BTC positions, as reported by TheStreet’s George Tung in the ... (full story)
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From thestreet.com|Sep 22, 2023The number of regulatory requests to offer a spot bitcoin exchange-traded fund (ETF) coming from a range of institutional financial firms has led to bullish speculation and ...
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- Posted: Sep 22, 2023 7:51am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 129
