![Bitcoin Rally Holds Around ,700 Following 4th Block Reward Halving Bitcoin Rally Holds Around ,700 Following 4th Block Reward Halving](https://i0.wp.com/www.coindesk.com/resizer/DDzF5oGe_W2BNzbmarjjj0E2K54=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YN6DK7QXXJAFLJQCUC77GIREIA.png?w=1200&resize=1200,0&ssl=1)
But this time, bitcoin has already embarked on a momentous rally to record highs, rising from $15,500 in late 2022 to $73,680, helped by optimism around the approval of spot bitcoin ETFs in the U.S. and then then the ensuing enthusiasm after they began trading in January.