**Bitcoin Halving Sparks Market Rally**
After a tumultuous two weeks in the crypto market, investors finally saw some relief on Friday as Bitcoin and altcoins started to move up ahead of the highly anticipated Bitcoin halving. The market rally was fueled by a surge in Bitcoin price, with Ethereum and Solana also witnessing modest gains.
**Altcoins Join the Rally**
Ethereum, the second-largest cryptocurrency, saw a 1.6% increase in the last 24 hours, trading at $3,105. Solana, which had plummeted to $120 last weekend due to geopolitical tensions, bounced back with a 6.5% rise to $145. The overall market cap surged by 5.4% to $2.47 trillion, indicating a bullish sentiment among investors.
**Bitcoin Price Update: Can BTC Sustain its Surge Above $65,000?**
As Bitcoin price surpassed $65,000 on Friday, investors are now wondering if the sudden move is sustainable. With the halving approaching, the market buzz is driving further optimism, with some predicting a push towards $70,000. The increase in trading volume and market cap supports the bullish outlook for Bitcoin.
**Bitcoin ETF Outflows Decline Amid Market Uncertainty**
While tensions in West Asia and geopolitical risks continue to weigh on the market, the net outflow volume in Bitcoin ETFs has decreased, providing some relief to investors. Grayscale remains a key player in the ETF market, with significant outflows recorded in recent days.
**Future Outlook for Bitcoin Price**
Despite the current market uncertainties, experts believe that the demand for Bitcoin ETFs and the impact of the halving on the digital asset’s supply could fuel the next bull run. Some analysts predict that Bitcoin price could surpass $100,000 by the end of 2024, setting the stage for further growth in the crypto market.
