Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

2025-05-10

Is Bitcoin price on its way to $ 137K? Markt -Expert says that BTC broke out since November 2024

2025-05-10

Web3 As we know, it is not the solution for users’ empowerment – it actually made it worse

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

    2025-05-10

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10

    Partially completed Wave 5 says there is still room to run

    2025-05-10

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10

    Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Will Bitcoin Reach $100,000 in 2024? Potential drivers in the spotlight
Bitcoin

Will Bitcoin Reach $100,000 in 2024? Potential drivers in the spotlight

2023-11-12No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

In addition to the widespread attention and media coverage, many elements and forces exist that have the potential to significantly influence Bitcoin’s trajectory.

In light of the dynamic landscape of cryptocurrencies, as the year 2023 draws to a close, there is a climate of conjecture, optimism and palpable eagerness.

Bitcoin, the pioneering digital entity, finds itself in the midst of this tumultuous environment and projects a substantial influence of possibilities and prospects.

The question arises: is it likely that the highly sought-after $100,000 threshold will be reached by 2024?

Bitcoin to $100K – the main catalyst

The main catalyst now being considered is the expected legalization of Spot Exchange Traded Funds (ETFs)a subject of widespread interest.

Growing speculation that the U.S. Securities and Exchange Commission could approve a spot Bitcoin ETF is what is fueling bitcoin’s resurgence. Analysts at Bloomberg Intelligence have predicted a 90% chance of approval for this vehicle, which would allow major institutional investors with US headquarters to enter the cryptocurrency market before January 10 next year.

Bitcoin is currently showing a robust technical outlook with overwhelmingly bullish sentiment. TradingView’s one-day indicators give a ‘buy’ rating on 15 indicators, with moving averages signaling a ‘strong buy’ on 13, while seven indicators remain neutral.

This technical strength is consistent with the recent rise in Bitcoin’s value, fueled primarily by widespread anticipation surrounding the possible adoption of a spot Bitcoin ETF.

Bitcoin slightly above the $37K level today. Chart: TradingView.com

A more accommodating stance from the Fed

Another possible factor that could drive change is the US Federal Reserve taking a more cooperative approach.

See also  Bitcoin ETFs are being adopted faster than any 'new ETF in history,' says exec

Over the past 18 months, the central bank has taken a proactive approach by raising interest rates to tackle the inflation problem, and there is a possibility that this policy stance could be maintained.

If Federal Reserve Chairman Jay Powell and his staff are confident in their efforts to effectively control inflation, it is possible that they will not only halt the increase in interest rates but also consider lowering them by 2024.

The interconnected nature of financial markets and policy decisions underlines the need for vigilant observation as we navigate the changing landscape of economic dynamics.

Bitcoin halving could be a game-changer

Bitcoin’s next halving an intriguing event that happens about every four years and halves the rate of inflation is the third that could dramatically change the game.

This halving, scheduled for April 2024, will set a new supply schedule for Bitcoin and significantly reduce annual inflation compared to precious metals, such as gold.

This is an important factor, not just a whim. The price of Bitcoin will inevitably rise as long as the demand for it continues to grow and there is less supply available. The story of Bitcoin’s history bears this out, with strong bull markets typically starting in the months leading up to and following a halving.

Amid the dynamic cryptocurrency landscape, the end of 2023 sets the stage for Bitcoin’s journey into 2024. With factors like regulatory decisions on spot ETFs, the Federal Reserve’s policy shifts, and the intriguing prospect of Bitcoin’s halving, it is unfolding story is promising. .

Could the sought-after $100,000 threshold become a reality? As the cryptocurrency market continues to evolve, opportunities abound for those ready to navigate the winds of change in this digital frontier.

See also  Arthur Hayes Says BlackRock’s Bitcoin ETF Would Harm Decentralization

At the time of writing, Bitcoin was trading at $37,075, down 0.1% over the past 24 hours and up 5.4% over the past seven days, Coingecko data shows.

(The content of this site should not be construed as investment advice. Investing involves risks. When you invest, your capital is subject to risk).

Featured image from iStock

Source link

Bitcoin drivers potential Reach Spotlight
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is Bitcoin price on its way to $ 137K? Markt -Expert says that BTC broke out since November 2024

2025-05-10

Bitcoin 6-month flight plan up to $ 188,000, here is the route map

2025-05-10

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

2025-05-10

Is Bitcoin on its way to a new ATH after $ 104,000 Triumph? What this market expert thinks

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Sonic Blockchain rises 2,951% in TVL growth, almost $ 1 billion milestone

2025-03-29

Bitcoin NFT NodeMonkes Surpasses Rivals with a 25% Price Surge

2024-03-04

The founder of Celsius Alex Mashinsky made a 12-year prison sentence for crypto-fraud

2025-05-08
Editors Picks

The Cardano founder plans to collaborate with Kraken on a new Blockchain project

2023-11-14

Charles Hoskinson says that Memecoins must run to survive ‘dumping’ – this is what he means

2025-04-01

NFT Marketplace Voice Announces Its Closure

2023-09-14

NFT -Sales department 7.8% to $ 109 million, cryptopunks -sale reversed 55%

2025-03-15
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

Is Bitcoin price on its way to $ 137K? Markt -Expert says that BTC broke out since November 2024

Web3 As we know, it is not the solution for users’ empowerment – it actually made it worse

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,701.071.68%
  • ethereumEthereum(ETH)$2,582.7110.10%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.475.43%
  • binancecoinBNB(BNB)$663.62-0.49%
  • solanaSolana(SOL)$177.622.77%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.24905021.32%
  • cardanoCardano(ADA)$0.848.15%
  • tronTRON(TRX)$0.2664032.43%
  • suiSui(SUI)$4.134.49%
  • chainlinkChainlink(LINK)$17.348.30%
  • avalanche-2Avalanche(AVAX)$25.8911.32%
  • shiba-inuShiba Inu(SHIB)$0.00001713.27%
  • stellarStellar(XLM)$0.3208758.62%
  • hedera-hashgraphHedera(HBAR)$0.2193468.45%
  • hyperliquidHyperliquid(HYPE)$26.216.11%
  • the-open-networkToncoin(TON)$3.516.79%
  • bitcoin-cashBitcoin Cash(BCH)$430.884.48%
  • polkadotPolkadot(DOT)$5.3110.83%
  • litecoinLitecoin(LTC)$105.244.78%
  • unus-sed-leoUNUS SED LEO(LEO)$8.25-5.71%
  • moneroMonero(XMR)$325.963.05%
  • bitget-tokenBitget Token(BGB)$4.9711.68%
  • pepePepe(PEPE)$0.00001411.19%
  • piPi(PI)$0.784.76%
  • daiDai(DAI)$1.00-0.02%
  • uniswapUniswap(UNI)$7.5118.04%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$464.177.81%
  • nearNEAR Protocol(NEAR)$3.3615.74%
  • aptosAptos(APT)$6.079.12%
  • ondo-financeOndo(ONDO)$1.109.63%
  • aaveAave(AAVE)$228.608.17%
  • okbOKB(OKB)$55.920.61%
  • ethereum-classicEthereum Classic(ETC)$20.707.81%
  • internet-computerInternet Computer(ICP)$5.857.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.924.54%
  • kaspaKaspa(KAS)$0.1100555.23%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2741938.40%
  • render-tokenRender(RENDER)$5.489.93%
  • crypto-com-chainCronos(CRO)$0.1048463.44%
  • vechainVeChain(VET)$0.0322707.57%
  • gatechain-tokenGateToken(GT)$22.450.64%
  • mantleMantle(MNT)$0.793.25%
  • ethenaEthena(ENA)$0.41777713.56%
  • arbitrumArbitrum(ARB)$0.48322227.71%
  • algorandAlgorand(ALGO)$0.2530768.82%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.909.31%
  • filecoinFilecoin(FIL)$3.247.31%
  • bitcoinBitcoin(BTC)$104,701.071.68%
  • ethereumEthereum(ETH)$2,582.7110.10%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.475.43%
  • binancecoinBNB(BNB)$663.62-0.49%
  • solanaSolana(SOL)$177.622.77%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.24905021.32%
  • cardanoCardano(ADA)$0.848.15%
  • tronTRON(TRX)$0.2664032.43%
  • suiSui(SUI)$4.134.49%
  • chainlinkChainlink(LINK)$17.348.30%
  • avalanche-2Avalanche(AVAX)$25.8911.32%
  • shiba-inuShiba Inu(SHIB)$0.00001713.27%
  • stellarStellar(XLM)$0.3208758.62%
  • hedera-hashgraphHedera(HBAR)$0.2193468.45%
  • hyperliquidHyperliquid(HYPE)$26.216.11%
  • the-open-networkToncoin(TON)$3.516.79%
  • bitcoin-cashBitcoin Cash(BCH)$430.884.48%
  • polkadotPolkadot(DOT)$5.3110.83%
  • litecoinLitecoin(LTC)$105.244.78%
  • unus-sed-leoUNUS SED LEO(LEO)$8.25-5.71%
  • moneroMonero(XMR)$325.963.05%
  • bitget-tokenBitget Token(BGB)$4.9711.68%
  • pepePepe(PEPE)$0.00001411.19%
  • piPi(PI)$0.784.76%
  • daiDai(DAI)$1.00-0.02%
  • uniswapUniswap(UNI)$7.5118.04%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$464.177.81%
  • nearNEAR Protocol(NEAR)$3.3615.74%
  • aptosAptos(APT)$6.079.12%
  • ondo-financeOndo(ONDO)$1.109.63%
  • aaveAave(AAVE)$228.608.17%
  • okbOKB(OKB)$55.920.61%
  • ethereum-classicEthereum Classic(ETC)$20.707.81%
  • internet-computerInternet Computer(ICP)$5.857.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.924.54%
  • kaspaKaspa(KAS)$0.1100555.23%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2741938.40%
  • render-tokenRender(RENDER)$5.489.93%
  • crypto-com-chainCronos(CRO)$0.1048463.44%
  • vechainVeChain(VET)$0.0322707.57%
  • gatechain-tokenGateToken(GT)$22.450.64%
  • mantleMantle(MNT)$0.793.25%
  • ethenaEthena(ENA)$0.41777713.56%
  • arbitrumArbitrum(ARB)$0.48322227.71%
  • algorandAlgorand(ALGO)$0.2530768.82%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.909.31%
  • filecoinFilecoin(FIL)$3.247.31%