- The Wall Street Journal (WSJ) reported that Bitcoin (BTC) has been identified as a key variable in the financial market for 2024.
- Bitcoin has revitalized the cryptocurrency market this year due to the SEC's approval of a spot exchange-traded fund (ETF) and Trump's election as president.
- Bitcoin recently surpassed $108,000, reaching an all-time high.
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- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitcoin (BTC) has been identified as the key driver of the financial market for the year 2024.
On the 31st, the Wall Street Journal (WSJ) named Bitcoin (BTC) as one of the five key variables that moved the market over the past year.
The WSJ stated, "There were two significant events in the cryptocurrency market this year. The Securities and Exchange Commission (SEC) approved a Bitcoin spot exchange-traded fund (ETF) in January, and Donald Trump, the Republican presidential candidate, was elected," adding, "As a result, the cryptocurrency market regained its vitality this year, with Bitcoin recently surpassing $108,000 to reach an all-time high."
Other key variables that moved the market this year included artificial intelligence (AI), the Federal Reserve's interest rate cuts, yen carry trade, and Trump trade.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
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