Bitcoin Price Prediction - BTC Advances to Start Week But Can it Claim Back $24k Today?

cryptonews.com:

The price of Bitcoin has been calm and trading sideways in recent weeks. However, as the new week begins, there are signs of advancement for BTC. The big question on everyone's minds is whether Bitcoin can reclaim the $24k mark today. 

In this article, we'll explore the current state of the market and analyze the factors that may influence the price of Bitcoin in the short term. 

At the G20 meeting in India on February 25, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, expressed a preference for identifying and regulating crypto assets rather than implementing a total ban. However, the possibility of banning private cryptocurrencies still remains on the table.

In a recent interview with Bloomberg (February 27), Georgieva clarified her remarks regarding a potential total ban on cryptocurrency, acknowledging the current uncertainty surrounding the classification of digital currency. She also discussed the United Nations' financial agency's stance on digital assets and its preferred regulatory framework.

Senior White House officials have recently urged the US Congress to enhance efforts to regulate the cryptocurrency sector, while the UK government has proposed plans to subject crypto assets to the same legal framework as traditional financial services.

As demand for further regulation grows, understanding potential regulatory structures and how to operate in a more regulated crypto sphere has become increasingly important for cryptocurrency investors.

The latest Gross Domestic Product (GDP) figures as of February 23 reveal that the US economy expanded by 2.7%, which is slightly less than the preliminary estimate of 2.9%. Meanwhile, the Bureau of Economic Analysis (BEA) reported on February