Posted 1/26/2024, 12:22:32 PM
Crypto Market Stays Flat in 2023 But Regulatory Green Lights Spark Cautious Optimism for 2024 Bull Run
- Crypto market remained flat in 2023 despite high-profile court cases, but recent regulatory approvals for Bitcoin ETFs have led to optimism about a 2024 bull run
- Author argues we should remain cautious going into 2024 despite positive impacts of ETF approvals and upcoming Bitcoin halving
- ETF approvals may have already been priced in, and further adoption still needed for a full bull run
- Bitcoin’s halving will restrict BTC supply but unlikely to drive prices to new highs without meaningful adoption
- Expect continued volatility in 2024, but relative stability indicates the crypto market is maturing