Maia Holyoke
@maiaholyoke
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What prevents $BTC from shooting higher after #halving and approval of #ETF of the coin for spot purchase at #eua
In April of this year, there was the fourth halving of #bitcoin , an event that reduces miners' rewards by half. Historically, this event is followed by the rise of this cryptocurrency. This event, combined with the approval of #ETFs. on the US spot market, left investors hopeful about a take-off of $BTC , however, this has not yet occurred and the currency has fluctuated and, even with moments of stability, is experiencing challenges. This was due to buyers' early attempt to capitalize, given that, even before the halving, bitcoin showed an increase motivated by the institutionalization of the cryptoactive at the end of 2023. Thus, there was a lateralization of the event. Regarding the launch of ETFs for spot purchase, even though it was considered a historic milestone for the network and generated expectations of an increase in value, it still has less representation in the price of BTC than the demand for it as an asset.
Inspired by: money times
In April of this year, there was the fourth halving of #bitcoin , an event that reduces miners' rewards by half. Historically, this event is followed by the rise of this cryptocurrency. This event, combined with the approval of #ETFs. on the US spot market, left investors hopeful about a take-off of $BTC , however, this has not yet occurred and the currency has fluctuated and, even with moments of stability, is experiencing challenges. This was due to buyers' early attempt to capitalize, given that, even before the halving, bitcoin showed an increase motivated by the institutionalization of the cryptoactive at the end of 2023. Thus, there was a lateralization of the event. Regarding the launch of ETFs for spot purchase, even though it was considered a historic milestone for the network and generated expectations of an increase in value, it still has less representation in the price of BTC than the demand for it as an asset.
Inspired by: money times
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#MyFirstSquarePost #Bitcoin❗ #eua $BTC
In April, the Consumer Price Index (CPI), which represents inflation in the United States, fell 0.1% compared to the previous month, reaching 0.3%. The scenario influenced the rise of $BTC , which jumped 6.27% on May 15, reaching a value of US$66,400 and accumulating more than US$48 million in sales of the cryptoactive in just one day.
In April, the Consumer Price Index (CPI), which represents inflation in the United States, fell 0.1% compared to the previous month, reaching 0.3%. The scenario influenced the rise of $BTC , which jumped 6.27% on May 15, reaching a value of US$66,400 and accumulating more than US$48 million in sales of the cryptoactive in just one day.