Historically, BTC does have a rally before its halving occurs. However, the most certain part of the halving is the rally that comes after the event.
After winning the election on Sunday, Milei, often compared to former United States President Donald Trump, promised drastic changes for Argentina.
Strike initially rolled out the BTC purchase feature for customers in the United States, allowing only users in the country to buy the crypto asset at no cost.
This acquisition will prepare CoinShares to position itself in the US markets ahead of the upcoming launch of spot Bitcoin ETFs.
Tether’s strong financial muscle and deep pockets will help it position strongly among other competitors in the Bitcoin mining space.
Bitcoin and altcoins climbed over the last 24 hours, with a 6% rise in the king coin, and larger increases in altcoins.
Solana (SOL), Avalanche (AVAX), and Kaspa (KAS) have led the altcoins in double-digit gain in the past 24 hours as Tether USDT revisited its eight-month volume high.
Grayscale is optimistic that the easing of CPI data will provide a boost to Bitcoin going ahead while the expectations of spot Bitcoin ETF approval remain high.
October CPI Figures released by the Labor Department show that inflation is slowing in the US, even though rate hikes may not be over.
Bitcoin bulls may be hoping that the expected CPI report may present some respite for BTC, which has struggled to maintain momentum.
SOL-PERP and AVAX-PERP markets will be launched on Coinbase International Exchange and Coinbase Advanced starting November 14.
While Peter Schiff thinks Bitcoin price will crash before the ETF launch in the United States, analysts at AllianceBernstein issued a prediction of $150k in 2025 driven by the halving event and institutional inflows.
Last month, Hayes made a similar forecast, noting that Bitcoin could reach from $750,000 to $1 million towards the end of the current decade.
The cryptocurrency’s historical trends indicate that significant gains often occur a year and a half after the bottom, suggesting a rapid price surge in the coming years.
CME’s rise to the top suggests increasing institutional interest as the platform is a favorite among large traditional financial institutions.