Bitcoin’s price has more than doubled in the last year, reigniting interest in cryptocurrency. The upcoming bitcoin halving event will reduce the supply of new coins, which historically boosts prices as demand rises. Investors are hoping for a new bull Market similar to 2021. While bitcoin is expected to perform well, altcoins might also gain ...
An analyst is predicting a potential Bitcoin correction in January 2025 as the cryptocurrency enters its first year following a halving event. Benjamin Cowen, a popular crypto strategist with a large YouTube following, notes that historically, Bitcoin has experienced significant drops in January after prior halving events. He highlights that January 2021 and 2017 both ...
Despite Bitcoin’s impressive rise of over 130% in 2024, many mining companies faced significant challenges, ending the year with declining stock prices. The surge in Bitcoin, from approximately $42,300 to $98,600, was overshadowed by increasing operational costs and the effects of an April halving event that reduced block rewards, greatly impacting miners’ profitability. While a ...
On November 28, 2012, Bitcoin experienced its first halving, reducing the mining reward from 50 BTC to 25 BTC. This pivotal event, celebrated on its 12th anniversary, marked a significant milestone in Bitcoin’s history. The halving, designed by creator Satoshi Nakamoto, occurs approximately every four years and will continue until the total supply reaches 21 ...
As a seasoned Bitcoin analyst, I’ve been closely monitoring the cryptocurrency’s performance throughout 2024. The year started with a bang, as Bitcoin surged to a new all-time high of over $73,700 in March, fueled by the SEC’s approval of Bitcoin spot ETFs. This development opened the door for more institutional investors to enter the market, ...
