bullish

Bitcoin

Rise

K33 Research has outlined several bullish factors for Bitcoin (BTC) as the market enters the fourth quarter of 2024.
According to the latest report, changes in global monetary policy and new institutional developments are likely to increase Bitcoin's upward momentum.
The report, which emphasizes how macroeconomic trends create a favorable environment for cryptocurrencies, said, “The FED's policy change has already created momentum, and China's efforts to increase liquidity are likely to further increase global market activity.”
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Another major factor fueling the optimism is the approval of institutional options trading for BlackRock’s spot Bitcoin ETFs. In September, the U.S. Securities and Exchange Commission (SEC) approved options trading for the iShares Bitcoin Trust (IBIT), and K33 Research believes the move will fuel increased demand in the ETF market.
“Another fundamentally bullish development occurred in September with the SEC’s approval of IBIT options. We expect these options to drive a new wave of ETF inflows to meet the demand for options exposure,” K33 Research said in its report.
While the SEC’s approval marks a significant milestone, K33 also highlighted that further regulatory clearances from the Commodity Futures Trading Commission (CFTC) and the Office of the Comptroller of the Currency (OCC) are needed before options trading on IBIT can officially begin. Nevertheless, the approval is seen as a significant step in integrating institutional products into the Bitcoin market.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/how-will-bitcoins-rise-come-analysts-share-possible-paths/" rel="noopener noreferrer nofollow">How Will Bitcoin’s Rise Come? Analysts Share Possible Paths</a>

How Will Bitcoin’s Rise Come? Analysts Share Possible Paths

Bitcoin Sistemi EN

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