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5 Market Catalysts That Could Send Bitcoin (BTC) Price Back into a Major Bull Run

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2024-08-19 18:40:211030browse

Analyst Crypto Banter decided to put an end to these questions and revealed five market catalysts that could send Bitcoin back into a major bull run.

5 Market Catalysts That Could Send Bitcoin (BTC) Price Back into a Major Bull Run

Crypto Banter recently shared his thoughts on what could send Bitcoin on another bull run.

Here's a summary of the five catalysts he identified:

1. Upcoming US election: Could impact the crypto market due to candidates' stance on crypto.

2. M2 money supply: At all-time highs, could indicate more money available for risk assets like Bitcoin.

3. Bitcoin halving cycles: Historically, significant price increases follow each halving.

4. Rise of Bitcoin and Ethereum ETFs: Strong interest from major asset managers, could pave the way for more crypto ETFs.

5. Expectation of interest rate cuts: Lower rates could lead to more investments in risk assets like Bitcoin.

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