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Bitcoin dipped to $59,889 on April 17 before rebounding to over $60,300 shortly after.Bitcoin’s price fall began after the Fed chair commented that interest rates likely won’t go down for the foreseeable future.The next bitcoin halving event is 336 blocks away, slated to occur on April 19 at 9:44 p.m. ET.
Grayscale’s global head of ETFs, David LaValle, said he’s “100%” confident that exchange-traded funds based on other cryptocurrencies, aside from Bitcoin and Ethereum, will eventually be available to investors.The firm currently manages the GBTC fund, the largest spot bitcoin ETF on the market.
Grayscale’s research team sheds light on what is different about this halving and how to prepare
CryptoQuant analysts suggest that the spike in Bitcoin withdrawals may be a strategic move in preparation for the upcoming halving event.