Price shelf young bitcoin 'halving' raises negative outlook

Bitcoin's halving may not be a big one this time around, according to some. The upcoming Bitcoin halving, which is expected to take place on the 21st of this month, may not be a big one. That's because bitcoin has already risen so much since the approval of the Bitcoin ETF in January.

"This is the first time we've seen Bitcoin hit a new all-time high before the halving," said David Rawant, head of research at crypto firm FalconEx, "and it's already up so much that it could stay there for a while." Anthony Anderson, founder and CEO of crypto firm ParamLabs, agreed: "Bitcoin ETFs have pre-empted the halving by buying large amounts of Bitcoin since the beginning of the year," he said, adding that "the price has already risen so much that the halving may not be as significant."