The Bitcoin halving has proven to be an important benchmark for traders trying to time the market, but how could the new spot BTC ETFs affect this trend?
Crypto Twitter has been immersed in the speculation and anticipation of the eventual approval of the spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States.
After some turbulence caused by an alleged fake tweet from the U.S. Securities and Exchange Commission, all 10 spot Bitcoin ETFs were approved.
The ETF hangover is over, and attention can now shift to the next big event: the Bitcoin halving. The biggest Bitcoin event has less than 100 days to go. The past halvings have directly correlated with Bitcoin’s bull runs, but could the spot Bitcoin ETFs influence the price of BTC in this halving cycle, interfering with short- and long-term Bitcoin price predictions?
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Source: https://cointelegraph.com/news/100-days-bitcoin-btc-etf-approvals