$BTC

Recently, the Bitcoin market has seen significant volatility due to factors such as US interest rate expectations, geopolitical conflict developments, and global stock market volatility.

Also, talk of whether the US Securities and Exchange Commission (SEC) will approve or delay new Bitcoin ETFs continues to weigh heavily on investor sentiment.

On the other hand, major corporations and financial institutions continue to embrace Bitcoin as part of their long-term investment strategies, boosting market confidence.

However, environmental concerns remain associated with Bitcoin mining, especially with some countries tightening energy consumption restrictions.

On the technical side, the Bitcoin network is undergoing continuous updates to improve efficiency and security, such as the development of the Lightning Network to speed up transactions.

Also, talk of the upcoming halving (reducing the mining reward) in 2024 is still the focus of discussions about its impact on supply and price.