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Is a new Bull Run in cryptocurrencies coming in 2024?

Executives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000. Excitement around a bitcoin ETF being approved in the U.S. next year as well as the bitcoin halving is fueling a rally in cryptocurrencies.

Is bitcoin ready for a Bull Run in 2024?

Bitcoin has rallied more than 120% this year, with many optimistic about the surge continuing into 2024. “It feels that was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for and 25,” Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview.

Will a 2024 Bull Run be a catalyst for bitcoin?

Once the blue line drops below the orange line, this will be a strong signal that Bitcoin is once again in a bullish trend. Several long-anticipated regulatory events are potentially set to take place in 2024 — which, depending on the result, could be a major catalyst for a 2024 bull run.

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