Bitcoin’s fourth halving is already in the history books, and the block rewards have been reduced to 3.125 BTC. Although historically the event has been named the catalyst of a new bull cycle, there’s a lot of controversy now, with many claiming that the effects of this halving are declining.
Perhaps the most bullish news this year came in mid-January when the US Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs to start trading on local exchanges. In a matter of just a few months, these products, led by BlackRock’s IBIT and Fidelity’s FBTC, attracted billions of dollars worth of BTC.
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