what were the biggest trends
The post what were the biggest trends appeared on BitcoinEthereumNews.com.
The demand for the approval of a crypto ETF on Bitcoin, led by large firms such as BlackRock and Fidelity, is the most significant narrative of 2023. Bitcoin spot ETFs can reduce investment costs, increase liquidity, improve price tracking efficiency, and meet stricter regulatory requirements, expanding Bitcoin’s accessibility and acceptance. Especially for retail and institutional investors, spot Bitcoin ETFs provide a more convenient and direct investment channel. The influx of substantial new funds into the cryptocurrency market is expected to grow the total market value of the cryptocurrency world. With these expectations, the confidence of institutions and retail investors has been greatly strengthened. The most important news of 2023: the Ripple case Another one of the crypto news items that has characterized 2023 is definitely the Ripple case. A few months ago, a US federal judge ruled that Ripple’s sales of XRP tokens through exchanges and algorithmic programs did not constitute investment contracts (thus not violating securities laws). Subsequently, the SEC’s lawsuit against Ripple’s CEO failed, leading the market to believe that the regulatory environment is improving. This created an expectation of high probability of approval of Bitcoin ETFs. Six market catalysts for positive developments in 2024 What to expect in 2024: changing trends, upcoming changes in the market situation, and perhaps key events. 1. The Bitcoin ETF is expected to receive SEC approval in January 2024. The market is currently optimistic that an ETF on Ethereum will be approved later. Institutions are considering using Bitcoin to achieve diversified asset allocation. 2. The Ethereum Cancun upgrade is scheduled for the first quarter, during which the Ethereum and L2 ecosystems will further unlock their potential. ZK L2 projects are expected to see a boom in token issuance. 3. USDC stablecoin issuer Circle is preparing for its initial public offering (IPO), potentially…
Filed under: News - @ November 22, 2023 3:24 am