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$PEPE
After approval of the ETFs, pepe now follows the rise of ETH, no longer using BTC as a reference.
What is your opinion?

## Bitcoin and Ethereum in Lull Before Halving: Impact on the Market?

**Markets on Hold:** Bitcoin and cryptocurrencies in general demonstrate stability while awaiting the next Bitcoin halving event, scheduled for April 20th. This reduction in the supply of new Bitcoins by 50% has the potential to generate a supply shock, driven by increased demand, taking Bitcoin and other cryptocurrencies to new heights.

**Bitcoin in Focus:** Bitcoin (BTC) operates around US$70,800, recovering from a brief decline caused by inflation data. Despite interest rate concerns from the Federal Reserve, experts believe Bitcoin has the potential to retest its record high of $74,000 soon.

**Halving Generates Optimism:** The Bitcoin halving creates a positive mood in the market. This reduction in supply, combined with growing demand, especially with the introduction of Bitcoin ETFs, indicates the possibility of a supply shock that would drive up prices across the cryptocurrency market.

**Other Cryptocurrencies:** Ether (ETH) shows a slight drop, but remains above US$3,500. Altcoins and meme coins see moderate declines.

**Expectation and Volatility:** The cryptocurrency market oscillates between stability and expectation as the halving approaches. Historical data suggests that the decrease in the supply of new Bitcoins could drive a significant recovery, taking Bitcoin to new records and impacting the entire market.

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