
April 17th, 2025
The report shows that the Singapore investors involved in cryptocurrency are becoming more clear and confident about their investment strategies.
Hashoni cautioned that the high buying activity from large wallets could potentially lead to a pullback, as whales require sell pressure to accumulate more Bitcoin.
Kiyosaki suggested that the current market conditions present an opportunity to invest in Bitcoin, predicting that the coin could reach $100,000 by September.
According to the research, BTC price exhibited a huge spike both before and after the last halving event.
Unlike previous halving events, which are usually accompanied by Bitcoin reaching a new all-time high, the crypto asset has already hit a new ATH this month ahead of the event.
Big market players continue to remain bullish on Bitcoin, while the world’s largest crypto faces strong selling pressure a day before the FOMC meeting.
The expectation that XRP will surpass its ATH is directly tied to the upcoming Bitcoin halving.
Matrixport bases its Bitcoin price rally anticipation on four important factors such as Bitcoin halving, ETF inflows, US elections, and Fed policy decisions with interest rate cuts.
Grayscale noted that strong inflows into spot Bitcoin ETFs would significantly absorb the selling pressure coming from BTC miners after the halving 2024.
In parallel, Ethereum (ETH) has experienced a 3% surge, reaching a two-week high following amendments to spot ETH ETF filings by asset managers Ark Invest and 21Shares.
As block rewards will reduce by 50% after Bitcoin halving in April 2024, BTC miners are selling heavily to finance the purchase of more efficient mining rigs.
BTCFi comes when the overall market sentiment surrounding crypto, particularly Bitcoin, is overly positive. The foremost crypto asset is expected to undergo its four-year halving event in April 2024.
Observers await the fourth BTC halving, anticipating it as the catalyst for the next bullish event to boost Bitcoin price.
Away from the ProShares ETF news, the market is adapting to the introduction of spot Bitcoin ETFs.
SkyBridge’s Anthony Scaramucci stated that Bitcoin price could surpass $170,000 a year after Bitcoin halving in April 2024.