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2024-10-01 11:30:45

Big news on Oct 1st, 2024

Today's big cryptocurrency news focuses on the potential crypto bull run predicted to start in October 2024. Analysts are optimistic due to the convergence of key factors, including the Bitcoin halving that took place in April and the anticipation of spot Bitcoin ETFs being approved in the U.S. These events could lead to significant gains for Bitcoin, with some experts predicting that BTC could soar to $160,000 during this cycle. Additionally, macroeconomic factors such as potential interest rate cuts in the U.S. are expected to boost liquidity in the crypto markets, further driving investor confidence(Crypto News Flash)(Benzinga)(markets.businessinsider.com).

Moreover, Bitcoin has been showing bullish signals after recently crossing the $65,000 mark, a key psychological resistance level. Analysts are closely watching for continued upward momentum as the market anticipates strong performance in the final quarter of the year(Cryptonews)(markets.businessinsider.com).

This could mark the beginning of an extended bull run, following similar patterns seen after previous Bitcoin halvings, making October 2024 a potentially pivotal month for crypto investors.

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