7Krypton

The positive mood in the cryptocurrency markets continues.
Bitcoin's price has risen above $47,500 as risk appetite in global markets increases and interest in spot Bitcoin exchange-traded funds (ETFs) continues.
Bitcoin, which saw an intraday high of $47,675, hit a one-month high. BTC pulled back to $47,250 after the sell-off from these levels.
Bitcoin, which has increased by more than 13% since the beginning of the year, has been the strongest performing asset among investment vehicles.
Spot Bitcoin exchange-traded funds have received net inflows of $8 billion so far.
Analysts point out that

What Is Bitcoin Halving?
Bitcoin, the first cryptocurrency, is also the first Blockchain network where halving was implemented. In 2009, when it was launched by Satoshi Nakamoto, the mining reward was set at 50 BTC, and after 4 years, this reward increased to 25 BTC; It decreased to 12.5 BTC in 2016 and to 6.25 BTC in 2020. The Bitcoin halving basically happens every 4 years and halves the mining reward. In this context, the 4th event will take place in 2024 and the prize halving will be reduced to 3,125 BTC.
Looking at the software of the Bitcoin network, it is seen that the halving event wil

"BITCOIN IS A PREDATORY ASSET"
Mentioning that today's SEC decision includes certain protections for investors, Gensler noted that full, fair and accurate disclosures should be made about Bitcoin ETFs.
Referring to the fact that these products will be listed and traded on registered national stock exchanges, Gensler said, "Such regulated exchanges need to have rules designed to prevent fraud and manipulation, and we will monitor them closely to ensure that they enforce these rules."

The price of Bitcoin, the largest cryptocurrency, has gained more than 5.65% in the last 24 hours, driven by growing expectations that the United States Securities and Exchange Commission (SEC) will soon approve a Bitcoin spot ETF (exchange-traded fund). The increase in Bitcoin was also supported by the fact that data showing that inflation in the US is slowing down supports the predictions that the Fed has completed its interest rate hikes.
Bitcoin, which was traded at $ 41,688 as of 8:30 CET today, reached its highest value since April 2022. Bitcoin's weekly gain exceeded 11%.

When comparing the last quarter of 2023 with the last quarter of 2020, it was noticed that both years experienced a huge increase in value for Bitcoin. Looking at Bitcoin's four-year options volatility, it was observed that 2023 remained weaker. According to experts, this means that the rally has not yet begun, like Bitcoin's previous bull seasons.
When Bitcoin experienced a big rally in Q4 2020, options volatility also increased by 150%, but it is currently only up 50%.

It seems that the transfers made by the institutional whale to the exchanges are carried out at the right rate with the rises in the cryptocurrency market. If the company had bought or had bought Bitcoin at an average of $40,000 so far, it would have had 44,000 BTC.
Realizing how strong the company's hand is, which bought almost $2 billion in USDT, it comes to mind that the purchases may have been made for spot Bitcoin ETFs, which are expected to be approved next month.

Arnold also rounded out his list with two leading assets, Bitcoin and Ethereum. Emphasizing Bitcoin's continued growth and acceptance, citing MicroStrategy and its significant Bitcoin holdings as an example, Arnold sees Bitcoin as a unique asset that provides unparalleled control and security to its holders.
Ethereum, on the other hand, is gaining traction not only for its primary function as a blockchain platform, but also for its burgeoning ETF market. According to Arnold, Ethereum's technological capabilities make it an attractive option for investors, especially in anticipation of Ethereum

More than two years after El Salvador adopted Bitcoin (BTC) as legal tender, it appears that this major crypto push is struggling to deliver the expected returns. This is further complicated by the ill-timed Bitcoin purchases by the country's president, Nayib Bukele.