Bitcoin Halving Successfully Completed: What's Next in Price?


The highly anticipated Bitcoin Halving event finally wrapped up on April 19 and April 20. This event caused a planned decrease in the issuance rate of the new BTC. The half-ling event, which takes place every four years, halves the mining rewards.
The adjustment was validated by data from analytics platforms such as mempool.space and Blockchain.com. During the Bitcoin halving, the price remained relatively stable and hovered near the $64,000 level after the halving.
It seems that the Bitcoin halving event will not have an immediate impact on the BTC price. However, strong support can be expected in the next 12 months and until 2025.
The current optimism surrounding Bitcoin's short term prospects could lead to a pause in the Federal Reserve's rate cuts. In addition, the Middle East crisis, which coincides with the Bitcoin Halving, will also be a factor.
Bitcoin, including indicators pointing to rising tensions, may face challenges due to broader macroeconomic factors. While the Halving event is likely to have a greater impact on Bitcoin mining firms, rather than directly affecting the cryptocurrency's price, it is expected to significantly impact their revenue.
BTC1.68%
EDEN1.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Share
Comment
0/400
Ryakpandavip
· 2024-04-20 10:57
Thank you for the info 🌹🌹🌹
View OriginalReply0
Wafufuvip
· 2024-04-20 10:36
To Da Moon 🌕Buy the Dip 🤑Keep BUIDL🧐Wen Lambo? 🏎️Diamond Hands 💎Don't FOMO/FUD 🙅BTC Halving to Moon 🚀
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)