As the halving mark approaches, Bitcoin (BTC) volatility has surpassed Ethereum (ETH).

The consensus is that halving, assuming the demand side remains unchanged or strengthens, is optimistic because it will halve the rate of supply expansion, creating a supply-demand imbalance that favors price increases. Bitcoin has enjoyed a remarkable rebound since previous halvings in November 2012, July 2016, and May 2020, setting new record highs over the course of 12 to 18 months.