Bitcoin and Ethereum rise as the halving event approaches The cryptocurrency market has been on a rollercoaster ride in recent days, especially the prices of Bitcoin (BTC) and Ethereum (ETH). Bitcoin rose 3% to $66,964 at the start of the week after falling to $63,000 over the weekend. Although Bitcoin has fallen slightly by 2.5% over the past week, it has surged by a massive 31% in the last month, largely driven by bullish sentiment among traders. Bitcoin and Ethereum rose 3% at the start of the week and one of the big upcoming events is the upcoming Bitcoin halving. According to NiceHash's estimates, this event is expected to occur around April 19, and the mining reward will be slashed from 6.25 BTC to 3.125 BTC. However, the exact date of the halving remains uncertain as it depends on reaching the milestone of 210,000 blocks rather than following a fixed calendar schedule. The uncertainty surrounding the halving has led to the recent volatility in Bitcoin's price, and investors are carefully weighing its potential impact on the market. Andy Bromberg, CEO of Beam, highlighted the possibility of continued volatility in the Bitcoin price ahead of the halving. Investors are grappling with the challenge of accurate pricing in the impact of the halving, causing the value of cryptocurrencies to fluctuate over the past week. In contrast, Ethereum has been on a positive trajectory, rising 2.6% over the past 24 hours to reach $3,452 at the time of writing. Although Ethereum came close to breaking above the $3,000 mark last week, it has since shown resilience and steady growth, with a significant 17% increase in price over the past month. Ethereum's Positive Momentum Amid Regulatory Uncertainty Amid Ethereum's upward momentum, regulatory developments have cast a shadow of uncertainty. The U.S. Securities and Exchange Commission (SEC) recently announced that it has once again postponed its decision regarding the conversion of the Grayscale Ethereum Trust (ETHE) to a spot Ethereum ETF. The SEC's decision has been postponed until May 30, which has extended the waiting time for market participants to eagerly await the approval of the Ethereum ETF. Market watchers and industry experts are closely monitoring these regulatory updates, particularly regarding the spot Ethereum ETF. Bitwise CIO Matt Hougan noted on Twitter that the timing of the spot launch of the Ethereum ETF could affect its asset accumulation. He said the December launch is likely to attract more assets than the May launch, as traditional finance (TradFi) participants may need more time to get used to Bitcoin ETFs. #BTC能很快再次站上$70,000吗？ #内容之星 #内容挖矿 #内容达人