The increases are driven by recent false reports about Blackrock's acceptance of a Bitcoin spot ETF and the upcoming halving. Although the speculations turned out to be fake, investors had a moment to observe parabolic gains, which made it clear how euphoric the reaction could be at the time of official ETF application acceptance. According to analysts, the probability of ETF application acceptance by the SEC is currently over 90%. Meanwhile, according to those directly associated with BlackRock, such acceptance is expected to occur within 3-6 months. This timeline perfectly coincides with the halving, which will take place in April 2024.
Bitcoin is currently gaining nearly 4% and is approaching the psychological barrier of $30,000. Source: xStation5
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