Summary
Bitcoin and Ethereum have both dipped as investors await U.S. inflation data. Both have seen gains compared to last week. Bitcoin is trading just below $69,000 and Ethereum is just over $3,500. Bitcoin’s halving event is 9 days away, but volatility has spiked. Ethereum ETF issuers are not optimistic about progress this year.
Key Points
1. Bitcoin and Ethereum have both seen gains compared to last week’s performance, with Bitcoin gaining 4.3% and Ethereum gaining 6.3% in the past seven days.
2. Bitcoin is currently trading just below $69,000 after a 2.3% loss in the past day, while Ethereum is changing hands for just over $3,500, with a 3.4% loss in the past 24 hours.
3. Bitcoin is 9 days away from its next halving event, which will see the reward paid to miners cut from 6.25 to 3.125 BTC on April 20, leading to increased volatility and predictions of a delayed post-halving rally.