Bitcoin Rebounds to $43K as Investors Bet on New Crypto Cycle
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Bitcoin has bounced back to the $43K-$46K range, up 159% since last December. This could mark the start of a new crypto cycle.
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Tailwinds like potential Fed rate cuts in 2024 and pending Bitcoin ETF applications are fueling Bitcoin's recent run.
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There is pent-up retail investor interest that hasn't entered the market yet, suggesting the crypto rebound is still early.
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If Bitcoin crosses the key $50K threshold, it could prompt more retail capital to flow back into the market.
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Interest in Coinbase's app has rebounded since hitting a bottom in February, which correlates with retail crypto interest.