Did Strong Bitcoin ETF Demand Kill Halving's Potential Bullish Rally?
- Bitcoin's upcoming halving might not have as much of an impact on the price of bitcoin as seen in previous cycles.
- This is because the spot bitcoin exchange-traded funds (ETFs) have already pushed bitcoin to new highs as pressure on supply strengthened.
- Nevertheless, the long-term effects on both the price of bitcoin and subsequently flows into the ETFs will be positive.
https://www.coindesk.com/resizer/EgFd2NqwgC7-bcEaZcrrTw5-3vg=/2112x1188/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/E6DTAWVKQBCNHGWCUPR66POFTI
Bitcoin News /
npub1l4…m96xp
2024-04-14 01:31:32
Author Public Key
npub1l4uvxlcncw5at08gphpj0r2jnw5s3eg3n6g0jyceqhz6tg8vpqesgm96xpPublished at
2024-04-14 01:31:32Event JSON
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"content": "Did Strong Bitcoin ETF Demand Kill Halving's Potential Bullish Rally?\n\n- Bitcoin's upcoming halving might not have as much of an impact on the price of bitcoin as seen in previous cycles.\n\n- This is because the spot bitcoin exchange-traded funds (ETFs) have already pushed bitcoin to new highs as pressure on supply strengthened.\n\n- Nevertheless, the long-term effects on both the price of bitcoin and subsequently flows into the ETFs will be positive.\n\nhttps://www.coindesk.com/resizer/EgFd2NqwgC7-bcEaZcrrTw5-3vg=/2112x1188/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/E6DTAWVKQBCNHGWCUPR66POFTI",
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