In March 2024, Bitcoin’s value soared to over 73,000 USD as Bitcoin ETFs attracted significant investment interest. This came after the U.S. SEC approved these financial products, enabling easier participation in the cryptocurrency market and sparking institutional investor enthusiasm from firms like BlackRock.
The election of Donald Trump resulted in positive regulatory expectations for Bitcoin, pushing its price beyond 100,000 USD in October. Trump’s pro-crypto policies were supported by various prominent figures. His pledge to make the U.S. A global cryptocurrency champion further amplified investor Optimism.
The U.S. Federal Reserve’s unexpected interest rate cuts in 2024 led to a resurgence of investor interest in HIGH-risk assets like Bitcoin. These financial levers contributed to Bitcoin reaching historic highs, demonstrating significant growth alongside favorable political developments.