The upcoming Bitcoin halving event on April 19th, which will significantly reduce the number of new Bitcoins mined, is generating excitement among the market participants.

Bitcoin bulls briefly managed to reach above $57000, a price level last seen in late 2021, amid the larger volume in spot BTC ETFs.

Bitcoin surges above $50000 psychological mark following it’s 7 day winning streak.

BTCUSD is currently trading between 50 and 21-period SMAs as investors assess the possibility that the Fed will begin to lower interest rates. Higher-for-longer rates may affect investor's appetite for riskier assets such as BTC.