Bitcoin price has been steadily increasing over the past week, breaking above the $12,000 mark. This surge is largely attributed to the growing adoption of cryptocurrencies among institutional investors and the upcoming halving event. As the market continues to fluctuate, it's essential to stay informed and adapt to changing trends.

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The halving event is indeed a crucial factor, as it will significantly reduce the supply of new Bitcoins entering the market, potentially driving up demand and prices.