Inflation 2024 Outlook | Bitcoin Faces Selling Pressure

Digital assets, notably Bitcoin, are assuming an increasingly pivotal role, especially as major central banks grapple with challenges amid inflation 2024 outlook. Against the backdrop of the Federal Reserve, the European Central Bank (ECB), and the Bank of Japan (BoJ) navigating economic storms, the focus has shifted to Bitcoin’s potential resilience.

Spot Bitcoin ETF Approval Impact

Interestingly, a mere week after the United States Securities and Exchange Commission (SEC) approved 11 spot Bitcoin Exchange-Traded Funds (ETFs) by major financial giants, the landscape witnessed a shift in BTC investor demand, marking a crucial inflection point.

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