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Bitcoin rally: What is bitcoin halving that is seen responsible for the bull run?

One of the significant events of bitcoin is halving when the reward for mining is reduced by half. The last halving was done on May 11, 2020 while the next halving is scheduled to take place in the middle of 2024 following which the block reward will decline to 3.125 bitcoins.
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bitcoin: All you wanted to know about Bitcoin halving

Bitcoin halving reduces miner rewards and ensures scarcity. It follows Metcalfes law and Reeds law, attracting more participants and increasing network value. Supply and demand dynamics, institutional demand, and liquidity injections contribute to market volatility. Bitcoins future path is shaped by these factors and its impact on the cryptocurrency landscape.
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Crypto Price on February 21: Bitcoin holds below $52,000; Altcoins tank up to 6%

Bitcoin was trading 0.3% lower at $51,814, while Ethereum was up 1.4% at $2,971. Meanwhile, the global cryptocurrency market cap fell 0.21% to around $1.97 trillion in the last 24 hours. Solana, Avalanche, Dogecoin, Polkadot, Toncoi, XRP, Internet Computer, and Shiba Inu fell up to 6%. While Ethereum and Tron surged up to 2%.
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Political groups court young voters with pledges to ease virtual asset investment rules

Both the ruling and opposition parties are considering virtual assets as a strategy to appeal to young voters ahead of the April 10 general elections. The main opposition Democratic Party of Korea (DPK) took the initiative by promising to permit investments in and trading of Bitcoin exchange-traded funds (ETFs).
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