TL;DR
Bitcoin kicked off 2024 on a high note, achieving a record high over $73,500, though it later dipped to around $63,000. A new bull run may hinge on factors like technological advances, adoption rates, and global events.
Key influences on BTC’s future price include potential changes in the US Federal Reserve’s interest rate policies and the outcome of Ripple’s lawsuit against the SEC, both of which could significantly impact investor sentiment and market dynamics.
The Overall Conditions
Bitcoin (BTC) started 2024 on the right foot, seeing its price gradually rising in the first quarter and even hitting a new all-time high of over $73,500 in mid-March. However, the past two months have not been that successful, with the asset briefly plunging below the $60K mark