Bitcoin's sudden surge above $40,000 has left many investors wondering what's behind the move. While there are no guarantees in the volatile crypto market, several factors are contributing to the uptrend. Growing institutional interest, a shift towards risk-on assets, and the looming halving of Bitcoin's mining reward are all playing a role. As we approach the halving event, we could see further price action.

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The halving event is a major catalyst for the price surge, as it reduces the supply of new Bitcoins entering the market. This supply shock could drive prices even higher.