“The 2023 bitcoin rally unfolded in five phases: starting with a reaction to inflation trends, followed by a banking crisis response, a surge due to BlackRock’s ETF filing, a boost from Federal Reserve policy shifts, and finally, developments in SEC regulations regarding bitcoin ETFs, “Markus Thielen, Matrixport’s head of research, wrote in a new report.
Source: https://www.coindesk.com/markets/2023/12/08/matrixports-45k-end-of-year-target-for-bitcoin-looks-to-be-accurate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines