The crypto market has seen heightened interest and activity this year. At the end of February 2024, Bitcoin ETFs saw a one-day net inflow of over USD 673 million. The surge, in turn, pushed Bitcoin prices to an all-time high.
After a prolonged period of downturn, these recent developments are signalling a promising shift towards renewed vitality and investor interest.
With a possible new market cycle coming, there is a sense of cautious optimism among investors. With investors now contemplating their next moves, the question on many minds is whether now is the opportune time to enter the market.
This guide goes through the key drivers happening in the crypto market today, including:
- Bitcoin halving 2024
- Institutions are driving the market
- Bitcoin spot ETFs boost money flow
- Increase in long-term holders
- Crypto market echoes familiar pattern
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