Bitcoin’s largest monthly gain since 2020 has pushed the cryptocurrency to the brink of a fresh all-time high, with the industry’s leading analysts suggesting that we’re at the beginning of yet another monumental bull market.
Forget the term ‘digital gold’, Bitcoin has just surpassed the Russian Ruble to become the world’s 14th largest currency, and it’s showing no signs of slowing down.
The leading catalysts for BTC’s most recent surge stems from the long-awaited SEC approval of the Bitcoin Spot ETF and the pace of its daily trading volumes, as well as widespread investor expectations of an upcoming rally sparked by Bitcoin’s upcoming halving event.
On February 22nd, a team of JPMorgan analysts led by Nikolaos Panigirtzoglou claimed that the Bitcoin halving event, which is set to occur in April 2024, is “largely priced in” following a flurry of retail investor interest. The week that followed saw BTC rally more than 22%.
With the added thrust of a Spot Bitcoin ETF on…
Click Here to Read the Full Original Article at Cryptocurrencies Feed…
