Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says

14/06/2025

Kraken Unveils White-Glove Prime Brokerage Service for Crypto Institutions

14/06/2025

zkPyTorch Launch Brings Zero-Knowledge Machine Learning to PyTorch Developers

14/06/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin at $200K by Year-End is Now Firmly in Play, Analyst Says After Muted U.S. Inflation Data

    14/06/2025

    Centralized Entities Now Hold Over 30% of Bitcoin’s Supply: Gemini

    14/06/2025

    US CPI Pushes Bitcoin Price Below $108,000, But Buy Pressure to Drive Recovery

    14/06/2025

    Just 216 Bitcoin holders own over 6 million BTC as market concentration grows

    14/06/2025

    $3000 in June – New All-Time High?

    14/06/2025

    Ethereum Stabilizes After Market Drop – Key MA Reclaim Could Trigger A June Rally

    14/06/2025

    Could BlackRock’s $34.7M Ethereum Buy Signal a Bullish Shift for ETH Price?

    14/06/2025

    Can Ethereum’s Smart Contract Sustain Amidst the Increasing Competition From Rivals?

    14/06/2025

    INJ’s Price Surges Over 5% After Canary Capital Files for a Staked Injective ETF

    14/06/2025

    Shiba Inu’s Shibarium Skyrockets 7,154% as Adoption Hits New Highs

    14/06/2025

    RLUSD Adoption Metric Skyrockets 52%, Here’s Implication for XRP Price

    14/06/2025

    Bitcoin May Lead in Store of Value — But VeChain Leads in Real-World Use

    14/06/2025

    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

    13/06/2025

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    13/06/2025

    Binance, Cristiano Ronaldo Introduce Sixth NFT Drop

    13/06/2025

    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

    13/06/2025

    Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says

    14/06/2025

    Kraken Unveils White-Glove Prime Brokerage Service for Crypto Institutions

    14/06/2025

    zkPyTorch Launch Brings Zero-Knowledge Machine Learning to PyTorch Developers

    14/06/2025

    Bitcoin at $200K by Year-End is Now Firmly in Play, Analyst Says After Muted U.S. Inflation Data

    14/06/2025
  • Blockchain

    zkPyTorch Launch Brings Zero-Knowledge Machine Learning to PyTorch Developers

    14/06/2025

    INTO Commences Partnership with Dragonfly to Broaden Web3 Accessibility

    14/06/2025

    Metalpha Collaborates with DogeOS

    14/06/2025

    YZi Labs and Plume Unveil $150M Genesis Mainnet

    14/06/2025

    Micro-cap Quantum Resistance Ledger’s QRL token jumps 33% amid quantum concerns for crypto

    14/06/2025
  • DeFi

    Crypto Lender Maple Partners with Liquid Staking Specialist Lido Finance

    14/06/2025

    Crypto Lending Platform Morpho V2 Brings DeFi Closer to Traditional Finance

    14/06/2025

    DeFi Adding $5B of Solana Buying Power With New Line of Credit

    14/06/2025

    World Liberty promised AAVE lending six months ago — so where is it?

    14/06/2025

    NodeX Partners with Laika AI to Pioneer AI-Powered DeFi Infrastructure & Web3

    14/06/2025
  • Metaverse

    Meta Invests $14 Billion in Scale AI to ‘Deepen’ its Work on Superintelligence

    13/06/2025

    US Senators Probe Stablecoin Plans by Facebook Parent Meta

    12/06/2025

    Terminus Forges Alliance with COBOX to Revolutionize Metaverse

    11/06/2025

    DRX Asia Partners With Terminus to Build On Metaverse Ambitions

    11/06/2025

    COBOX and Broken Bound Announce Strategic Partnership Amid Growing Metaverse Integration

    11/06/2025
  • Regulation

    Did Circle execute its IPO ‘perfectly’?

    14/06/2025

    VanEck, 21Shares, and Canary urge SEC to revert to ‘first to file, first to approve’ standard for crypto ETFs

    14/06/2025

    Pump.fun may have loftier goals than building an L1

    14/06/2025

    US Congressmen introduce a bill to initiate the first comprehensive audit of America’s gold reserves

    14/06/2025

    CZ Blasts New York Times Over Alleged TRUMP Memecoin Dinner Smear

    14/06/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Kraken Unveils White-Glove Prime Brokerage Service for Crypto Institutions

    14/06/2025

    Good News for US Investors with Airdrop from Surprise Altcoin Listed on Binance! “First!”

    14/06/2025

    How HYPE Surged on Hyperliquid’s Growing Perpetual Futures Stardom

    14/06/2025

    Blazpay Partners with ManusPay to Redefine AI-Driven Crypto Payments

    14/06/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Why are big games building on Avalanche instead of Ethereum?

    14/06/2025

    Tencent exploring $15B Nexon acquisition, a gaming firm with Web3 investments

    13/06/2025

    Off The Grid active wallets hold steady ahead of Steam launch

    13/06/2025

    ‘FIFA Rivals’ Launches—Why Mythical Games Thinks It’ll Hit Bigger Than ‘NFL Rivals’

    13/06/2025

    946 Exahash—Miners Push Bitcoin to New Computational Heights Despite Pay Drop

    14/06/2025

    Pakistan Announces Investment in Bitcoin Mining Amid Tensions with India! Here Are the Details

    14/06/2025

    Bitcoin Miners Just Had One of Their Best Quarters on Record, JPMorgan Says

    14/06/2025

    Bitcoin Miners Notch Gains as Meta Signs 20-Year AI Deal With Nuclear Plant

    13/06/2025

    Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says

    14/06/2025

    SEC Commissioner Pushes to Streamline Crypto Regulations

    14/06/2025

    Why These Top 8 Crypto Groups Want The Two Bills Merged

    14/06/2025

    OpenAI Challenges Court Order to Preserve User Data in NYT Lawsuit

    14/06/2025

    Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says

    14/06/2025

    Kraken Unveils White-Glove Prime Brokerage Service for Crypto Institutions

    14/06/2025

    zkPyTorch Launch Brings Zero-Knowledge Machine Learning to PyTorch Developers

    14/06/2025

    Bitcoin at $200K by Year-End is Now Firmly in Play, Analyst Says After Muted U.S. Inflation Data

    14/06/2025
  • MarketCap
NBTC News
Home»Bitcoin»Will Bitcoin Hit $100,000 By 2024? Spotlight On Potential Drivers
Bitcoin

Will Bitcoin Hit $100,000 By 2024? Spotlight On Potential Drivers

NBTCBy NBTC12/11/2023No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


In addition to the widespread attention and media coverage, there exist many elements and forces that have the potential to significantly influence the trajectory of Bitcoin.

In the face of the dynamic landscape of cryptocurrencies, as the year 2023 draws to a close, there exists a climate of conjecture, optimism, and tangible eagerness.

Bitcoin, the pioneering digital entity, finds itself amidst this tumultuous environment, projecting a substantial influence of possibilities and prospects.

The inquiry arises: Is it plausible that in 2024, the attainment of the highly sought-after $100,000 threshold will be realized?

Bitcoin To $100K – The Main Catalyst

The primary catalyst now under consideration is the anticipated legalization of spot exchange-traded funds (ETFs), which is a topic of widespread interest.

Growing speculation that the US Securities and Exchange Commission may approve a spot Bitcoin ETF is what’s fueling the revival of bitcoin. Analysts at Bloomberg Intelligence have projected a 90% possibility of approval for this vehicle, which may allow significant institutional investors with US headquarters to enter the cryptocurrency market before January 10 next year.

Bitcoin is currently displaying a robust technical outlook with an overwhelmingly bullish sentiment. TradingView’s one-day indicators give a ‘buy’ rating for 15 indicators, with moving averages signaling a ‘strong buy’ for 13, while seven indicators remain neutral.

This technical strength aligns with the recent surge in Bitcoin’s value, primarily fueled by widespread anticipation surrounding the potential approval of a spot Bitcoin ETF.

Bitcoin slightly above the $37K level today. Chart: TradingView.com

A More Accommodating Stance By The Fed

Another possible factor that could stimulate change is the US Federal Reserve adopting a more cooperative approach.

Over the past 18 months, the central bank has used a proactive approach of raising interest rates in order to address the issue of inflation, and there is a possibility that this policy position may be sustained.

If Federal Reserve Chair Jay Powell and his staff feel confident in their efforts to effectively control inflation, it is possible that they may not only halt the increase of interest rates but also consider reducing them by 2024.

The interconnected nature of financial markets and policy decisions underscores the need for vigilant observation as we navigate the evolving landscape of economic dynamics.

Bitcoin Halving Could Be A Game-Changer

The next halving of Bitcoin, an intriguing event that happens around every four years and cuts the pace of inflation in half, is the third thing that might change the game drastically.

This halving, which is scheduled for April 2024, will provide a new supply schedule for Bitcoin and significantly reduce its annual inflation rate in comparison to precious metals, like gold.

This is an important factor, not just a quirk. The price of Bitcoin will inevitably rise as long as demand for it keeps growing and there is less supply available. The story of Bitcoin’s history confirms this, with strong bull markets usually commencing in the months preceding and succeeding a halving.

In the midst of the dynamic cryptocurrency landscape, the close of 2023 sets the stage for Bitcoin’s journey into 2024. With factors like regulatory decisions on spot ETFs, the Federal Reserve’s policy shifts, and the intriguing prospect of Bitcoin halving, the narrative unfolds with promise.

Could the sought-after $100,000 threshold become reality? As the cryptocurrency market continues to evolve, opportunities abound for those ready to navigate the winds of change in this digital frontier.

At the time of writing, Bitcoin was trading at $37,075, down 0.1% in the last 24 hours, and sustained a 5.4% increase in the last seven days, data from Coingecko shows.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from iStock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin at $200K by Year-End is Now Firmly in Play, Analyst Says After Muted U.S. Inflation Data

14/06/2025

Centralized Entities Now Hold Over 30% of Bitcoin’s Supply: Gemini

14/06/2025

US CPI Pushes Bitcoin Price Below $108,000, But Buy Pressure to Drive Recovery

14/06/2025

Just 216 Bitcoin holders own over 6 million BTC as market concentration grows

14/06/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Senate Stablecoin Bill Likely to Win Massive Bipartisan Support, Dem Lawmaker Says

14/06/2025

Kraken Unveils White-Glove Prime Brokerage Service for Crypto Institutions

14/06/2025

zkPyTorch Launch Brings Zero-Knowledge Machine Learning to PyTorch Developers

14/06/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.