- Bitcoin’s pre-halving volatility questioned post-Hong Kong’s ETF approval, drawing mixed sentiments.
- Historical data indicates post-halving price surges.
Amid significant double-digit declines across the crypto market’s weekly charts, Hong Kong’s recent approval of Bitcoin ETFs has sparked a wave of positive sentiment among Bitcoin [BTC] investors.
Estimations suggest that the introduction of Bitcoin ETFs could generate up to $25 billion in its first year.
Despite such optimism, Peter Schiff in his recent X (formerly Twitter) post questioned the growth of Bitcoin ETFs. He said,
“If Bitcoin ETFs are really going to send Bitcoin to $100K or higher, why are all the Bitcoin-related equities in bear markets? For example, $COIN is down 21%, $GLXY is down 26%, $MSTR down is 33%…”
Bitcoin’s volatile moves
According to CoinMarketCap, BTC’s price chart displayed a series of red candles on the daily chart.
In contrast, The Block reported that the cumulative spot Bitcoin ETF volume chart was showing an upward trajectory.
This juxtaposition led to a question — Is the upcoming BTC halving the reason behind such price volatility?
Responding to the same, Anthony Pompliano in conversation with LizClaman, noted,
“Bitcoin is the global alarm system. It leads all assets in a crash and it leads all assets in moments of acceleration.”
This highlights the divergence of views between bullish investors and cautious “halving bears.”
While optimists anticipate a price rally due to increased scarcity, skeptics fear a downturn as miners receive fewer rewards.
This sentiment clash is further confirmed by the current market, with BTC experiencing heightened volatility.
Additionally, insights suggest that BTC miners could face significant losses post-halving, further fueling bearish sentiments as highlighted by the Barchart.
BTC’s price action
Sharing a nuanced perspective regarding the upcoming Bitcoin halving, Kris Marszalek, CEO of crypto.com, in an interview with Bloomberg, noted,
“Bitcoin selling may become evident as the date of the so-called halving nears but the event is set to bolster the price of the largest digital asset longer term.”
Adding to the fray, Ash Crypto, outlined how BTC experiences significant price increases after each halving event. He said,
“Bitcoin pumps heavily after each halving.
- 2012 halving: 9900%
- 2016 halving: 2900%
- 2020 halving: 700%
But this time, something interesting will happen.”
So, as the world awaits the halving event, it would be interesting to watch how the year 2024 will be unique for Bitcoin and the overall crypto landscape.
can i get clomiphene online get generic clomid without insurance clomiphene tablets uses in urdu generic clomid 100mg c10m1d how can i get cheap clomiphene price order cheap clomid pill buy generic clomiphene tablets
Thanks an eye to sharing. It’s outstrip quality.
semaglutide 14mg sale – periactin 4mg brand buy periactin no prescription
motilium for sale – sumycin sale cyclobenzaprine 15mg uk
amoxiclav pills – https://atbioinfo.com/ purchase ampicillin pill
buy esomeprazole 40mg pills – https://anexamate.com/ buy nexium pills
buy generic warfarin 2mg – https://coumamide.com/ losartan 50mg canada
buy meloxicam medication – relieve pain meloxicam 7.5mg pills
buy deltasone 10mg online – corticosteroid prednisone for sale online
pills erectile dysfunction – https://fastedtotake.com/ buy ed pills usa
purchase amoxil generic – combamoxi buy amoxicillin cheap
diflucan 200mg cheap – https://gpdifluca.com/ buy diflucan 200mg for sale
generic cenforce – cenforce rs buy generic cenforce
canada cialis for sale – fast ciltad generic tadalafil in us
buy cheap ranitidine – this ranitidine 300mg tablet
cialis prescription online – https://strongtadafl.com/ is cialis covered by insurance
Thanks recompense sharing. It’s outstrip quality. https://gnolvade.com/
viagra sale in australia – https://strongvpls.com/ sildenafil 100 mg oral jelly
More articles like this would remedy the blogosphere richer. https://ursxdol.com/get-metformin-pills/
With thanks. Loads of expertise! https://buyfastonl.com/gabapentin.html
Facts blog you be undergoing here.. It’s intricate to assign elevated calibre writing like yours these days. I truly appreciate individuals like you! Take care!! https://prohnrg.com/
Good blog you be undergoing here.. It’s obdurate to on elevated worth belles-lettres like yours these days. I honestly recognize individuals like you! Take vigilance!! https://aranitidine.com/fr/viagra-100mg-prix/
More posts like this would bring about the blogosphere more useful. https://ondactone.com/spironolactone/
I couldn’t resist commenting. Well written!
https://proisotrepl.com/product/colchicine/
The vividness in this tune is exceptional. http://talad-pra.com/goto.php?url=https://roomstyler.com/users/adipe
More posts like this would create the online play more useful. https://myrsporta.ru/forums/users/ehprt-2/
forxiga 10mg generic – https://janozin.com/# buy forxiga 10 mg pills