Ark Invest March Report: BTC price is still in the early to mid-stage of the bull market, and halving events and ETFs support prices

04/11 11:42

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According to DLNews, Ark Invest's March report suggests that Bitcoin's price is still in the early to mid-stage of a bull market compared to past cycles.In addition, the report is optimistic about the performance of Bitcoin's scaling solutions (such as Rollup and sidechains) in this cycle, believing that this trend has been strong since the second half of 2023 and may continue in the current bullish period due to the appreciation of Bitcoin's price.Regarding CPI data, the report suggests that this CPI's bearish impact may directly affect market liquidity and risk tolerance, potentially limiting speculative trading in the crypto market. However, factors such as the upcoming halving event and the inflow of funds into the US Bitcoin ETF may support Bitcoin's price in the short to medium term.

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