The recent price increase of #Bitcoin (BTC), may have several reasons apart from the future approval of its ETFs on Spot. One of these reasons involves the intervention of the world's five major central banks in traditional financial markets.

Since last October, the central banks of the United States, European Union, Japan, the United Kingdom and China; Together, they have injected around $350 billion into the financial system, according to Goldman Sachs estimates.

Normally when liquidity is injected into the market this favors the price of #BTC

In turn, investors expect the Federal Reserve to begin lowering Interest Rates at some point in 2024, which would generate more liquidity in all financial markets globally.

And it coincides that in 2024 the long-awaited Halving will be 🚀