Published on 25 May 2024 on Business Insider via Yahoo Finance
4 catalysts that could drive bitcoin's next big rally
Business Insider
Bitcoin has rallied more than 60% in 2024, driven by January's spot ETF approval and the recent halving event.Developers have been working to add functionality to the bitcoin network, which could drive price upside.The red-hot crypto could also get a boost from interest-rate cuts, loosened regulation, and November's election.
Bitcoin has achieved records this year thanks to two catalysts: January's spot ETF approval, and the recent halving event. The red-hot crypto was up more than 60% year-to-date on Friday, trading about 6% off all-time highs reached in March.