
April 18th, 2025
Bitcoin market dominance measures the degree of the market capitalization of Bitcoin relative to that of the overall crypto market.
The Bitcoin halving, an event that takes place once every four years and cuts the reward for mining Bitcoin transactions in half, could also pave the path for a new bull run.
Predictions for the upcoming Bitcoin halving are still pouring it, with most of them bullish on Bitcoin’s chance of a parabolic rise.
According to Zhao, the effects of a halving usually take time to materialize.
Pantera Capital believes that the recent XRP ruling, possibility of a BlackRock ETF and the next Bitcoin halving will spike prices.
The 800,000th block was mined by an unknown miner at 11:37 GMT on July 23 and contained 1.63 megabytes, with the price of Bitcoin at $29,815.
The report highlights that the rapid growth in the Bitcoin hashrate is unlikely to continue at the same pace after the halving event.
Riot Platforms’ recent acquisition of Bitcoin miners from MicroBT holds significant importance in the context of the upcoming halving event in 2024.
It remains uncertain how the upcoming halving will affect Bitcoin’s price behavior, especially with global liquidity appearing to have peaked in the near term.
Bitcoin price is hinged on the current perception of the macroeconomic outlook and monetary policies from the United States Federal Reserve.
The digital currency received a significant boost entering this year and despite the tough regulatory crackdowns and Fear, Uncertainty, and Doubt (FUD) that gripped the industry, the price of the cryptocurrency remained resilient.
Bitcoin halving is one of the most important events in the cryptocurrency market.
Analysts expect 2023 to be a “recovery year” for Bitcoin as the next Bitcoin halving event is 435 from now.
There are currently a number of factors that determines what positivity will trail the future of Bitcoin.
It has taken Bitcoin just 12 years to reach 90% of its total hard cap. However, it will take another 119 years for the remaining 10% of the Bitcoin supply to be achieved.