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In fact, the price of Bitcoin has typically jumped more than 100% in halving years. What's even more compelling is that Bitcoin has delivered an average return of 350% in the years after a halving.
A halving may highlight the falling rate of issuance of Bitcoin, drawing more money to the sector as traders anticipate a change in sentiment in the market and expect a run-up in the crypto’s price.
The 2020 halving saw the most dramatic run-up in Bitcoin’s value following the event. Bitcoin sat at $8,628 on May 10, 2020 when the halving occurred, and by the end of the year, BTC hit $28,888 ...
Last year also marked the introduction of many spot Bitcoin exchange-traded funds (ETFs), and the latest halving event, which cut the growth of new Bitcoin supply in half.
This page was last edited on 19 February 2024, at 09:53 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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Bitcoin rose to $50,000 Monday for the first time in two years, fueled by a rush of new-investor enthusiasm and growing anticipation over a cryptic-sounding event known as “the halving.”
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