🔝 Bitcoin (BTC) Surges 33% Since April 2024 Halving
Bitcoin (BTC) recorded an extraordinary surge reaching US$109,000, a new all-time high occurring just 273 days after the April 2024 Halving. Typically, new all-time highs are achieved after 500 days post-Halving, but this time the market shows faster movements.
📈 Why is Bitcoin Significantly Rising?
Analysts mention that this price spike is triggered by:
Demand from large institutions, which is becoming increasingly dominant in the Bitcoin market.
The growth of Bitcoin ETFs (Exchange-Traded Funds), which provide broader access to traditional investors.
The scarcity of Bitcoin post-Halving, which further reduces supply in the market.
💼 The Role of Large Institutions in Increasing Bitcoin Prices
According to Enmanuel Cardozo from Brickken, large institutions like Strategy and Tether are accelerating the Bitcoin market cycle. This creates strong buying pressure, with the possibility of prices reaching their peak faster than previous cycles due to higher liquidity and a more mature market.
🌐 Global Uncertainty Becomes a Challenge
However, even though Bitcoin shows impressive performance, investors must remain cautious. Global economic uncertainty and external factors such as US-China trade tensions and the possibility of interest rate cuts by The Fed could affect market sentiment.
⚡ Market Movements Faster than Usual
This Bitcoin Halving shows faster price movements compared to previous cycles. The role of large institutions and Bitcoin ETFs has changed market dynamics and accelerated the price increase.
🔮 What Can Be Expected?
If this trend continues, the peak Bitcoin price may be reached faster than anticipated, but investors need to remain vigilant about external factors that could influence the market.