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6 Key Factors Shaping Crypto Market Sentiment for Bitcoin and Altcoins in 2024

Here we delve into some of the most crucial events that you should keep a close eye on in the upcoming weeks.

Bitcoin Spot ETF and Ethereum Spot ETF Options (TBD)

Cryptocurrency traders are eagerly awaiting the arrival of Bitcoin spot ETF options and the approval of Ethereum spot ETFs.

The SEC decision regarding the first ETH spot ETF is expected by late May. Green lights for Bitcoin spot ETF options and the approval of Ethereum spot ETFs are likely to introduce new dynamics in the crypto market.

Conclusion

These are the key events that will take center stage in the coming weeks and have the potential to influence strategies and perceptions of traders in the crypto market.

Market sentiment will be swayed by Fed decisions regarding interest rates, outcomes of the Sam Bankman-Fried court hearing, and the upcoming Bitcoin halving process. Market dynamics may change in response to these developments. []

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