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.
Aside from that, though, there are many other bullish developments on the Bitcoin front that might get you excited in the coming months.
If you’re still feeling bearish, you need to know this:…
— Lark Davis (@TheCryptoLark) April 27, 2024
ETF Developments
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.
This demand led to an inevitable price increase for spot BTC prices, as the cryptocurrency nearly
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