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A new report from Matrixport, a crypto financial services firm, highlights the potential catalysts that could drive Bitcoin to reach $125,000 in 2024. The report, titled “The Sustainability of Bitcoin’s Bull Market in 2024,” suggests that Bitcoin’s upcoming halving event, scheduled for April 2024, could trigger a bull run. Historically, previous halving events have been followed by significant price increases, with Bitcoin reaching new all-time highs. Additionally, the report mentions that a reversal in the Federal Reserve’s tight monetary policies and interest rate cuts could further support Bitcoin’s upward trajectory. The combination of these factors, along with a favorable macro environment and geopolitical crosscurrents, is expected to propel Bitcoin to new highs in 2024. Currently, Bitcoin is trading at $39,412, showing a 1.58% increase in the past day.