Mars Finance News, on April 20, according to Cointelegraph, the Bitcoin halving in 2024 will reduce block rewards from 6.25 BTC to 3.125 BTC. Despite growing concerns about global trade wars, data shows that BTC has risen by over 33% since April 2024. Enmanuel Cardozo, a market analyst at the asset tokenization platform Brickken, stated: "Although Bitcoin has shown resilience, I believe past experiences, current economic uncertainty, and selling pressure in the market still keep investors cautious, waiting for clearer entry signals. Investments from institutions like Strategy and Tether may accelerate Bitcoin's traditional four-year halving cycle. Bitcoin's trend remains closely tied to broader monetary policies. He suggested that a potential Federal Reserve rate cut in May or June could 'inject more funds into the system, thereby driving Bitcoin to rise faster.'"
Analyst: Institutional entry and expectations of future interest rate cuts may drive Bitcoin up
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