[Alert] Bitcoin pops beyond 35k again

November 02, 2023

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Dear Reader,

Listen closely.

Hear that?

Sounds like the bulls have started running.

Bitcoin just popped above $35K again.

Some say this is the start of the yearly "Santa Rally".

Others believe things could get even hotter leading up to Christmas.

Here's why…

Reason #1: The Fed will not raise interest rates for the time being.

At least that's what they said.

After their meeting this Wednesday.

Rate hikes have acted like a double-edge sword.

On the one hand, inflation was tamed.

From 9% to about 4% now.

But investors got spooked well before Halloween.

They feared higher rates could trigger a recession.

So the markets have snaked sideways for months now.

Should inflation fall even more, expect investors to pump some serious capital into risk assets.

Reason #2: The possible approval of a Bitcoin spot ETF.

The rumors about Blackrock's application being approved already helped move bitcoin's price.

An actual approval could trigger a big market rally fast.

Either way, things are looking up for the crypto market right now.

Traders using Cointelegraph Markets Pro are finding great opportunities daily in altcoins. As the market starts moving, smaller coins tend to make even more pronounced moves.

Now, with Free Access to real time alerts, traders who are new to Markets Pro can also jump in before these coins break out.

Regards,

Max K.
Markets Pro Team