Analysts tip 5 catalysts that could break Bitcoin, crypto from its stupor

A potential wave of spot Bitcoin exchange-traded funds, PayPal’s new stablecoin and a key Ethereum upgrade are among the catalysts that could wake crypto from its hibernation.

Apollo Crypto Chief Investment Officer Henrik Andersson is among those with their eyes fixed on the potential approval of spotHe told Cointelegraph that cryptocurrency's institutional acceptance has continued to rise, adding that “the worst of the macro tightening appears to be behind us.” He said that central banks have paused rate hikes, meaning we’ve potentially reached the end of the hiking cycle.

Markus Thielen, head of research at crypto financial services platform Matrixport, has also placed his bets on spot Bitcoin ETFs, but says an upcoming upgrade to Ethereum is also one to keep an eye on.

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