Bitcoin Price Prediction: BTC Nears $38K, Bull Run & ETF Hopes Up
Meanwhile, the crypto regulatory landscape faces renewed scrutiny in Hong Kong as news surfaces of the Hounax exchange founders’ disappearance, allegedly absconding with $19 million.
Amidst these tumultuous developments, Bloomberg analysts strike a hopeful note, eyeing January for a possible breakthrough in Bitcoin ETF approval, which could herald a new chapter for Bitcoin’s integration into mainstream finance.
Bitcoin’s remarkable resurgence has propelled it past the $38,000 mark, signaling a revitalized interest in the cryptocurrency market. The surge is being driven by expectations of a Federal Reserve policy shift toward lowering interest rates amidst subsiding inflation.
#BriefIs: Bitcoin surges above $38,000 on hopes of Fed policy shift, eyes bull run.
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