Bitcoin, dominating half of the digital asset market, serves as a barometer for the overall crypto market, influencing other cryptocurrencies. The anticipation of a Bitcoin halving event in April 2024 has instilled optimism for the end of the ‘crypto winter’, indicated by Morgan Stanley. October saw a 28% surge in Bitcoin, driven by speculations of a potential US-approved spot bitcoin ETF, hinting at increased demand. Regulatory changes and ETF launches for Bitcoin and Ethereum are expected to draw substantial institutional investments, fostering market acceptance. However, challenges persist, including regulatory uncertainties, TDS introduction impacting volumes, and banks’ reluctance due to the unregulated nature. Experts foresee the need for caution among investors, emphasizing that regulatory changes may bring about both positive and negative impacts on the crypto industry.