Reasons Of BTC sudden Pump.
early 2024, the U.S. approved several spot Bitcoin ETFs, making it easier for institutional investors to buy BTC.
Billions of dollars flowed into these ETFs, increasing demand.
Major players like BlackRock and Fidelity are involved, boosting credibility and adoption.
The Bitcoin halving cut miner rewards from 6.25 to 3.125 BTC per block, reducing the rate at which new BTC enters circulation.Historically, halvings lead to supply shocks and are followed by bull runs.
Large holders (“whales”) and a growing retail investor base are buying and holding BTC.
FOMO (Fear of Missing Out) kicks in as price rises, fueling further demand.
With a cap of 21 million BTC, growing demand against fixed supply puts upward pressure on price.
