TechFlow news — Matrixport, a Singapore-based crypto financial services firm under Wu Jihan, said several key events in the first half of 2024 could shape Bitcoin's development trajectory, including the SEC's potential approval of a Bitcoin ETF, Circle's anticipated stock market listing, and FTX's efforts to reclaim its position among the top three exchanges.
These developments, combined with Bitcoin's halving cycle and Ethereum's planned upgrade in the first quarter of 2024, are contributing to an optimistic outlook.
In line with market expectations, the Federal Reserve may cut interest rates around mid-2024. Bitcoin could rebound following the release of U.S. Consumer Price Index (CPI) data, aiming to break above $36,000 with a target of $40,000, and potentially reaching $45,000 by year-end.
Sustained buying activity from U.S. investors, along with the potential for a Santa Claus rally, further adds to the positive market sentiment.
