All eyes are on the upcoming Bitcoin halving scheduled for mid-April 2024, which will reduce the rewards granted to miners for validating transactions by half. This will mark the fourth occurrence of a halving event in Bitcoin’s history.
It is evident that a significant portion of Bitcoin’s recent surge was propelled more by optimism regarding spot Bitcoin ETFs rather than excitement surrounding theCoinbase anticipates the US Federal Reserve to start rate cuts as early as May and initiate a reduction in its quantitative tightening program shortly thereafter.
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