In July 2024, Bitcoin witnessed some important developments in the market. Recently, Bitcoin ETFs have recorded significant inflows, reflecting growing interest from traditional investors. These funds have raised a total of $56.41 billion so far, boosting confidence in digital assets despite some price fluctuations [[❞]]
On the other hand, halving is a major event that usually pushes Bitcoin prices higher. This trend was proven in the events preceding the halving, as prices rose significantly after these events. However, recent adverse market dynamics have prevented the price from rising sustainably, with expectations that the price may need several months before it reaches its expected maximum levels [[❞]][[❞]]
If the influx of investments and strong participation from investment funds continues, it is expected that the price of Bitcoin will head to new record levels at the end of 2024 or the beginning of 2025 [[❞]]
