Institutional investors’ strong demand for buying the new spot Bitcoin exchange-traded funds (ETFs) and Bitcoin’s history of strong outperformance around the supply-halving event are thought to be the main reasons for the cryptocurrency hitting new all-time highs in 2024.
The Bitcoin
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halving has previously been associated with bull markets, with the price displaying a parabolic uptrend and a price peak in the months following the event. Halvings happen every four years and reduce miner block rewards by 50%. The next halving is roughly 30 days away and will reduce block rewards from 6.25 BTC to 3.125 BTC.#BTC #write2Earn #ETH
