Large companies exploring crypto, sentiment prepares for Bitcoin Halving 2024.
Recent fascinating movement in Bitcoin prices driven by proposals for Bitcoin Spot ETF from companies like Blackrock, Fidelity, Wisdomtree, Valkyrie, and Invesco.
Bitcoin Halving halves block rewards for miners after mining 210,000 blocks every four years. Currently, 19,375,656 BTC in circulation, 92% of total supply. Halving events reduce Bitcoin inflation rate. Supporters believe Halving can influence Bitcoin price movement.
In 2020, Bitcoin price started to strengthen before Halving in 2022. In 2021, one year after Halving, Bitcoin price continued to rise, reaching a peak of around USD 69,000.
