$BTC
Bitcoin (BTC) continues to dominate the cryptocurrency landscape, solidifying its position as digital gold and a primary store of value. The approval of spot Bitcoin ETFs in early 2024 marked a significant milestone, driving substantial institutional inflows and increasing its mainstream adoption. This has brought new liquidity and a broader investor base to the market.
However, BTC's price remains subject to macroeconomic factors, including inflation concerns and interest rate policies, as well as shifts in global liquidity. Halving events, like the one anticipated in April 2024, historically reduce the supply of new Bitcoin, potentially leading to price appreciation. While volatility is inherent, Bitcoin's long-term outlook is increasingly underpinned by its growing acceptance as a legitimate asset class and a hedge against traditional financial instability.