💬 "Previous Bitcoin bullruns peaked between October and March, and we expect a major breakout in Q4 2024."
“We expect $5 billion to $8 billion to come back into the crypto space.”
Markus Thielen, manager at 10x Research.
Analysts agree on a range of catalysts fueling Bitcoin's momentum:
🔹️ The Federal Reserve's decision to cut interest rates by 0.50%, which weakened the US dollar.
🔹️ US fiscal debt reaching $35 trillion and increasing by $1 trillion every 100 days.
🔹️ Political developments with Kamala Harris expressing support for digital assets.
🔹️ Bitcoin ETF flows remained positive, with total inflows of $17 billion.
🔹️ The stability of BTC miners after the halving.
“We expect $5 billion to $8 billion to come back into the crypto space.”
Markus Thielen, manager at 10x Research.
Analysts agree on a range of catalysts fueling Bitcoin's momentum:
🔹️ The Federal Reserve's decision to cut interest rates by 0.50%, which weakened the US dollar.
🔹️ US fiscal debt reaching $35 trillion and increasing by $1 trillion every 100 days.
🔹️ Political developments with Kamala Harris expressing support for digital assets.
🔹️ Bitcoin ETF flows remained positive, with total inflows of $17 billion.
🔹️ The stability of BTC miners after the halving.
3 months ago
