tldr; Bitcoin's price has soared 40% to over $62,000 in two months, partly due to the U.S. SEC approving spot bitcoin ETFs. An upcoming 'halving' event in April, where the reward for mining new bitcoin will be cut in half from 6.25 to 3.125, is expected to further increase its value. This halving, which occurs every four years until all 21 million bitcoins are mined, aims to ensure scarcity and protect against inflation. Previous halving events have led to significant price increases for bitcoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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