Bitcoin's fourth halving is numbered days left. The available data shows that the halving will take place on April 20. It is a matter of curiosity how this event, which takes place every four years, will affect the price of Bitcoin. Looking at past examples can help understand this.

Bitcoin's fourth reward halving (halving) is approaching day by day. As of today, there are 13 days left until the halving. The halving, which comes to the media every four years, is expected to take place this time on April 20.
Since the price increases in Bitcoin coincided with the same periods as the halving, a link has been established between price increases and halving for a long time. Although there are discussions that these increases are more about the Fed's increase in the money supply than the halving, it is not possible to ignore the halving's potential to be a "self-fulfilling prophecy". For this reason, it is important to examine the price changes after halving.
The first halving in Bitcoin was on November 28, 2012. Block rewards went down from 50 BTC to 25 BTC.In 12 months, Bitcoin rose 9500 percent from $12 to $1163. The fact that Bitcoin was still a fairly new asset at that time paved the basis for the sharper price movements.

Bitcoin's second halfing was on July 9, 2016. The 25 BTC block reward dropped to 12.5 BTC. Bitcoin rose 375 percent in 12 months from $625 to $2,980. The price continued to rise. When December 2017 came, Bitcoin reached 20 thousand dollars.

The third half was on May 11, 2020. Block rewards went down from 12.5 BTC to 6.25 BTC, this time. Bitcoin increased by 625 percent from 8 thousand 180 dollars in 12 months to 59 thousand 600 dollars. In the following days, the price rose to $69 thousand.

The Halfing mechanism was designed by Satoshi Nakamoto, the inventor of Bitcoin, to ensure that Bitcoin has a predictable inflation rate. During Bitcoin's 14-year period, approximately 19 million 700 thousand BTC were issued. With a limited supply of 21 million in total, the remaining 1.3 million BTC in Bitcoin will take up to 2140.
On the other hand, Bitcoin saw the record level before the halving this time, unlike previous halvings. This makes the upcoming new halving cycle even more interesting.

#Bitcoin 31 bin doları zorlarken şu sıralar düşüş trendinde ve 30 bin doların biraz üzerinde seyrediyor. Haziran ayında kripto para sektöründe yaşanan son gelişmelerin ardından bireysel yatırımcıların kafası tamamen karışmış durumda. Bilindiği üzere balinaların eğilimleri de gelecekteki fiyat hakkında net sinyaller veriyor. Bugün TSİ 03.43’te (26 Haziran) uzun zamandır hareketsiz kalan cüzdanların yıllar sonra aktif hale gelmesi dikkat çekti.

13 yıllık hareketsizliğin ardından, toplamda 3 milyon dolarlık BTC bulunan cüzdanlardan transfer işlemi yapıldı. Her biri 50 BTC içeren ve 2010 yılından kalma iki cüzdandaki bu BTC’ler, farklı cüzdanlara aktarıldı.

İşlemlerin arkasında ne var?

Bu transferlerin ardındaki motivasyonlar belirsizliğini koruyor. Muhtemel nedenler ise BTC’lerin satış amaçlı borsalara aktarılması veya cüzdan değişikliği.

Bir Blockchain analisti ve geliştirici olan Dr. Kirill Kretov, konuya ilişkin Decrypt‘e yaptığı değerlendirmede, 2010’da çıkarılan bu BTC’lerin muhtemelen o dönem teknolojiyi deneyen bilgisayar uzmanlarına ait olduğunu söyledi. “Bu tür eski adreslerin arkasında eşsiz bir kripto anarşi ve teknoloji öncülüğü ruhu var.” diyen Kretov, dikkat çekici bir teoriden de söz etti. Kretov, eski balina cüzdanlarının Bitcoin’in fiyatını yükseltme zamanı geldiğinde birbirlerine sinyal göndermek için BTC’leri hareket ettirdiğine dair bir teori olduğunu ifade etti:

“Bu cüzdan hareketleriyle ilgili fiyat grafiklerine notlar alan ve gelecekteki fiyatı tahmin etmeye çalışan araştırmacılar var. Şükür ki ben onlardan biri değilim.”

$BTC $ETH $BNB #blackrock

A class action lawsuit was filed against Elon Musk, who has been talked about for his support of Dogecoin in recent years, for replacing Twitter's logo with a Dogecoin image. Complainants in the lawsuit filed in Manhattan federal court accuse Musk of "insider trading".

One year after the $258 billion Dogecoin lawsuit filed in June last year, Elon Musk faced yet another accusation regarding the biggest meme coin. Musk was also sued for changing Twitter's logo and replacing it with a Dogecoin image.

Cause unknown

As it will be remembered, on Twitter, owned by Musk, in April, the logo known as the "blue bird" was replaced by the Dogecoin image. This change, which lasted about 4 days, was later terminated. During this time, Dogecoin had increased by more than 30%. Elon Musk or Twitter management did not inform about this change.

These events led to a class action lawsuit against Musk. Complainants filed in Manhattan federal court, suing Musk for "insider trading".

“Marketing, manipulation and 'inside trading' was done”

In the petition, Musk's words on the Saturday Night Live program, which he attended in 2021 and where he talked about Dogecoin, and some Twitter posts, the following statements were used:

“What is done here is deliberate market manipulation, marketing strategy and 'insider trading'. This has caused Musk to defraud his investors and bring his companies and himself to the fore.”

Musk also shared an image of an NFT from the Milady Maker series in his Twitter account in May. After this sharing, the price of Milady Meme Coin (LADYS), which has nothing to do with the NFT series, was valued more than 5000 percent.

#btc #doge #twitter #elonmusk

Tether, which has made a name for itself in recent days with its regular Bitcoin purchase, Bitcoin mining and renewable energy production steps, now has a Caucasus move. The company invested in CityPay.io in Georgia, where the use of cryptocurrencies is increasing, and significantly increased the #Bitcoin and #USDT payment area.

Tether, which recently announced that it will buy Bitcoin with 15 percent of the profits from its activities, and yesterday announced Bitcoin mining in Uruguay with renewable energy, has made a very important investment in Georgia.

The USDT issuer has invested in a local payment firm called CityPay.io. Thanks to this investment, USDT and Bitcoin payments will be available in places and businesses that make payments with the CityPay.io system from now on. CityPay.io company stands out as a valid application in more than 600 restaurants, shops and hotels.

Cryptocurrency adoption is on the rise

#Georgia , where its people are struggling with economic difficulties, once made a name for itself with Bitcoin mining due to cheap electricity opportunities. There are approximately 130 crypto ATMs in the country, where it is stated that nearly 3% of the population invests in crypto money.

Paolo Ardoino, the famous CTO of Tether company, said in a statement about the investment, “As a company, we are working to facilitate and connect the payment ways. Georgia is an important step towards this goal," he said.

Eralp Hatipoglu, the Turkish CEO of CityPay.io, said, “We are happy to join forces with Tether. Their investment will make it easier for us to achieve our growth targets. Our services will reach more people in Georgia.”

While there have been different comments from analysts for the number one crypto currency, which has been in a downtrend recently, the on-chain data platform Glassnode analyst team shared that the current situation in Bitcoin shows that high volatility is at the door.

One of the tightest consolidations in the last 3 years

In Glassnode analysis, he stated that over the past seven days, Bitcoin has consolidated in the 3.4 percent range, which is the difference between the highs and lows. This marks one of the tightest consolidations in the past three years.

According to the analysis, it is possible to make a comparison between the consolidations observed in July 2020 and January 2023, as both examples were followed by significant market fluctuations. The company reported that, overall, the current situation in Bitcoin indicates that high volatility is imminent.

st. Fed may raise rates again this year, says Louis Fed chief

On the other hand, St. Louis Fed Bank President James Bullard said he believes the Fed is likely to make two more rate hikes this year. If realized, each would constitute a change of 25 basis points.

The Fed made two rate hikes in early February and early May. In both cases, Bitcoin reacted negatively with the drop in market value.

#btc #bitcoin