From Investing.com:

Bitcoin price rose by 4.9% on Monday, reaching $67,462.8, as capital flows into exchange-traded funds and anticipation of the upcoming halving event boosted the cryptocurrency. The halving is expected to occur in April with the generation of the 740,000 block, reducing Bitcoin supply by 50%.

Despite recent price fluctuations, Bitcoin has rebounded from lows as ETF inflows remain strong. However, outflows from Grayscale Bitcoin Trust have added pressure to spot Bitcoin prices. Market uncertainty persists around the timing of the halving event, which could further limit Bitcoin supply.

The strength of the US dollar has capped a bigger recovery in Bitcoin price, with investors favoring high-yielding, low-risk assets. Anticipation of signals on US interest rates from key economic data, including the Fed’s preferred inflation gauge, has kept the dollar upbeat. The data is due to be released this Friday.

Upcoming speeches from Fed officials this week are expected to provide more insights into the central bank’s plans for interest rate cuts in 2024. Following the recent Fed meeting, where the central bank projected 75 basis points of cuts this year, investors are closely monitoring any new signals on future monetary policy.



Read more at Investing.com: recovers above $67k with focus on ETF inflows, halving By Investing.com