Global Crypto Adoption: How Emerging Markets Are Driving Bitcoin’s Future
Bitcoin has experienced minimal movement in recent months. Following a robust start to 2024, it has remained relatively stagnant, fluctuating between $56,000 and $63,000 since July. This behavior is in stark contrast to the first half of the year, where Bitcoin surged by 45%, primarily driven by U.S. exchange-traded funds (ETFs) linked to its spot price.
Market participants are now on the lookout for potential catalysts that could spark a change in Bitcoin’s trajectory. Many analysts are focusing on developments expected by year-end and early 2025. Broader factors, such as shifts in U.S. interest rates, also play a crucial role. Traders are optimistic that BlackRock’s new spot Bitcoin ETF options could rekindle interest in the…
