BlackRock's Bitcoin ETF beats records, will the price breakout follow?

Will Bitcoin reach a new record high due to the halving in 2024?
According to the report, the market-leading cryptocurrency will move sideways for around a month before the halving has an impact on the Bitcoin price.
In this context, CEO and co-founder Filbfilb explains that just under two months before the halving – which, according to calculations, is scheduled for 18 April – there will initially be increased buying.
This will then be followed by a so-called “sell the news event” – similar to the one immediately after the recent approval of the first direct Bitcoin ETFs in January – causing the price to plummet one last time.
“Just under 75 days remain until the Bitcoin halving, which is scheduled for around 18 April 2024. This date is important under the assumption that we will see strong buying interest again before the halving. I think we will see this at the latest six weeks before the halving, i.e. the second week of March,” says Filbfilb. He adds:
“This would mean that Bitcoin has just under 30 days left for a sideways correction before the gate closing panic (FOMO) sets in, as expected.”
This buying interest could carry BTC to the two-year high of USD 49,000 before another crash like the one following the ETF admissions occurs.
“Bitcoin has a tendency to run ahead of sell-the-news events, so keep that in mind,” Filbfilb points out.

Members of the US Congress are trying to abolish Staff Accounting Bulletin 121 (SAB 121) of the US Securities and Exchange Commission (SEC). This bulletin restricts banks that want to hold their customers’ cryptocurrencies and requires them to keep their investors’ assets on their balance sheets.
Representatives Mike Flood and Wiley Nickel and Senator Cynthia Lummis have introduced a resolution as part of the Congressional Review Act to repeal the SEC’s SAB 121 on 1 February 2023, which would formally disapprove the accounting rule and conclude that it no longer has the force of law.
ummis expressed deep concern about how the SEC’s SAB 121 bulletin could harm consumer protection and prevent well-regulated financial institutions from safely protecting Americans’ hard-earned wealth. She said:
“SAB 121 has massive implications, and the SEC should have sought feedback from federal banking regulators and the public before implementing this legally binding guidance.”
The SEC continues to come under pressure and will likely have to rethink and adjust its stance on digital assets if these petitions are successful.

The Spanish fintech company Monei has started testing a euro-based stablecoin EURM under the supervision of the Spanish central bank.
In an announcement published on the Monei website on 29 January, it states that testing in the regulatory sandbox began in January. This involves a limited group of individual users in order to minimise the margin of error.
As part of the test, the transaction capability of the EURM will be analysed. Each user verifies their identity, uploads their wallet, deposits 10 euros into their account and exchanges this for 10 EURM. Each currency unit of the EURM is backed 1:1 with euros and deposited with Spanish banks such as BBVA and Caixabank.
Alex Saiz Verdaguer, CEO of Monei, called the trial “another step on our way to the complete digitalisation of payments”. He believes that the new stablecoin will offer the possibility of sending money in a “more secure, programmable, economical, democratic and liberalised” way than ever before.