Market analysts are on the edge of their seats, awaiting the Fed's next strategic move or eagerly seeking a crystal-clear understanding of the ETF's future direction.
'Inflation and rate concerns could be what [has been] keeping crypto prices depressed,' said Noelle Acheson
While no investor or financial advisor possesses a crystal ball capable of accurately predicting the movement of assets like Bitcoin with complete certainty, analyzing past Bitcoin halvings may offer valuable insights into what we can anticipate in the future.
One analyst found it challenging to identify the exact cause of the hour-long surge, but there has been a recent boost in investor confidence regarding the cryptocurrency's future prospects since the banking crisis of last month.
Bitcoin's recent range around $30,000 has some market observers questioning if it's susceptible to additional declines.