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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prepares-to-surpass-record-highs-as-halving-excitement-builds/" data-wpel-link="internal">Bitcoin Prepares to Surpass Record Highs as Halving Excitement Builds</a> 
Investors believe that <a href="https://coin-turk.com/unlu-analist-james-seyffart-grayscale-bitcoin-etfsi-icin-neyi-isaret-etti-bitcoin-etfsi-icin-sec-ne-zaman-karar-verecek" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/son-dakika-elon-musk-kripto-para-alip-satti-mi-tesla-kazanc-raporu-aciklandi" data-wpel-link="internal">BTC</a>), with its enthusiasm, high institutional demand, and the approaching fourth block reward halving, is preparing to surpass its all-time high of $69,000 in March. 
<h2 style="text-align: justify" id="strong-market-excitement-for-the-block-reward-halving-strong">Market Excitement for the Block Reward Halving</h2> 
The block reward halving, which occurs approximately every four years, reduces the block reward for miners by 50% in terms of <a href="https://en.coin-turk.com/anticipation-builds-as-blackrock-moves-closer-to-bitcoin-etf-approval/" data-wpel-link="internal">BTC</a>. This decrease has historically led to significant price increases for BTC. The next block reward halving is expected to take place in mid-April, and with the decrease in <a href="https://en.coin-turk.com/record-breaking-active-bitcoin-supply-in-the-market/" data-wpel-link="internal">Bitcoin</a> supply, prices are expected to rise. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-320564" src="https://coin-turk.com/wp-content/uploads/2024/02/Bitcoin-Neden-Yukseliyor.jpeg" alt="" width="1280" height="720"> 
Investors, relying on historical trends that show Bitcoin’s price increased over 100% after the previous block reward halving, are expecting another significant rise. The possibility of a decreasing BTC supply combined with steady or increasing demand often fuels investors’ enthusiasm, resulting in what some call “FOMO” or the fear of missing out. Hectic Labs CEO Bryan Legend stated that investors are expecting the reduction in supply to drive prices up, contributing to a pre-halving rally and a renewed sense of upward momentum. 
However, some investors warn that while the period leading up to the block reward halving may offer short-term gains, one should be alert for potential price fluctuations. Despite expectations of rising prices, one should be prepared for possible sharp price movements. 
Bitget Research’s chief analyst Ryan Lee warned that with 54 days left until Bitcoin’s block reward halving and expectations of the Fed cutting interest rates later in the year, Bitcoin’s price could potentially reach historic highs in March, but it may retest the support level around $50,000 before that. 
<h2 style="text-align: justify" id="strong-current-status-of-bitcoin-s-price-strong">Current Status of Bitcoin’s Price</h2> 
Bitcoin is trading above $58,000, at $58,501, after a 3.79% increase in the last 24 hours at the time this article was written. Market observers consider the price of Bitcoin to be rising due to the anticipation of the fourth block reward halving as well as the high demand for spot Bitcoin ETFs in the US. 
Indeed, the recent increase in trading volume for spot Bitcoin ETFs indicates a rise in institutional demand for the largest cryptocurrency. According to the latest data, nine spot ETFs reached a record trading volume of $3.2 billion last week, demonstrating increased corporate interest and confidence in Bitcoin as a valuable asset class. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prepares-to-surpass-record-highs-as-halving-excitement-builds/" data-wpel-link="internal">Bitcoin Prepares to Surpass Record Highs as Halving Excitement Builds</a></h5>

Bitcoin Prepares to Surpass Record Highs as Halving Excitement Builds

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