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“Bitcoin began to recover in early October last year , approximately six months before the coming April 2024 halving,” Bybit said. “However, it was also in October that large traditional finance giants began applying to run Bitcoin Spot ETFs.” “Since mining rewards will be cut in half after the halving, the sell-side supply flowing into the CEXs will be reduced,” the analysts said.
is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX.
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