Bitcoin price doubles since the halving, with just 3.4M Bitcoin left for buyers
The Bitcoin price has doubled since the halving in May, with Chainalysis attributing much of the bullish price action to the insatiable appetite of institutional investors. The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving.The firm identifies illiquid, or....
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The stability in the price of bitcoin after the occurrence of bitcoin halving alarmed many investors and bitcoin buyers around the world. The stability in the price of bitcoin after the occurrence of bitcoin halving alarmed many investors and bitcoin buyers around the world, especially those that haven’t been following the bitcoin community and media. Some bitcoin investors expressed their concerns over the price of bitcoin which has remained at the US$660 margin over the past few weeks. The same investors that believed the halving of bitcoin block reward would trigger a massive surge in....
So far, the doomsayers are proven wrong, yet that situation could change at any given moment. The Bitcoin halving is almost upon us, and many people believe the Bitcoin price will be affected by this milestone. A lot of people seem to think the price will go down, and some of them even expected it to go down before the halving itself. But that does not seem to be the case, despite a small dip on the charts after a strong climb. Influencing the Bitcoin price on the free market is not as straightforward as most people want to believe. Granted, there is the age-old game of bulls and bears....
The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these. Bitcoin Price Trends For Previous Halvings There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012, the second happened....
A simple comparison shows just how much room both BTC and ETH price action have left to grow. Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more.As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent.Bitcoin: Compared to 2017, you ain’t seen nothing yetBitcoin currently trades 7.3 times its price since the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop....
Bitcoin, the pioneer of cryptocurrencies, has gained immense popularity and attention over the years. Among the various factors that influence its price, Bitcoin halving events stand out as crucial moments in the cryptocurrency market. In this article, we’ll delve into why Bitcoin halving remains an important factor for BTC prices. Bitcoin Halving: A Brief Overview […]