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Whales Driving Bitcoin Rally Ahead of Halving Event
The rally in Bitcoin continues to gather pace today with the leading crypto coin now back up to levels not seen since November 2021. BTC futures have now risen more than 40% off the YTD lows as demand soars in the wake of the SEC approving spot-Bitcoin ETFs. The approvals have opened up BTC investing to institutional demand which had previously been unable to participate in the sector. Despite the initial correction in January, fuelled by legacy investors cashing in on their holding, as well as the FTX bankruptcy sale, supply/demand has since shifted firmly back in favour of higher prices. There have been plenty of ... (full story)
