According to a report recently released by Matrixport, in the first half of 2024, some key events may affect the development trajectory of Bitcoin, including the SEC's possible approval of a spot Bitcoin ETF, Circle's consideration of listing, and FTX's attempt to restart. These events, coupled with the Bitcoin halving cycle and Ethereum’s Q1 2024 upgrade, have set an optimistic tone for the market.
The Federal Reserve may cut interest rates in mid-2024, in line with market expectations. Bitcoin may rebound on US CPI data, aiming to break through the $40,000 mark and reach $45,000 by the end of the year. Steady U.S. buyer activity and the possibility of a Santa Claus Rally also contributed to the bullish outlook.