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🚀📉 #BitcoinHalving is around the corner! A pivotal event that halves the rate of new BTC creation & historically boosts its value.
Before the inaugural halving in 2012, miners were awarded 50 bitcoins per block; post-halving, the reward dropped to 25. Yet, Bitcoin's price soared by 937% from $12.35 on the day of the halving to $127, 150 days later. This upward trajectory has been consistent across all three Bitcoin halvings to date, with price increases of 16.64% in the 2016 halving and 24.05% in the 2020 halving. These patterns indicate a strong correlation between halvings and price appreciation. However, it's important to remember that historical performance is not always a reliable predictor of future outcomes.
🌟 Will the trend continue after the upcoming halving?
💡 Dive into the details:
https://www.breakingthenews.net/Article/Bitcoin-halving:-Everything-you-always-wanted-to-know-about-it/61387498
$BTC
#Cryptocurrency #Blockchain
Before the inaugural halving in 2012, miners were awarded 50 bitcoins per block; post-halving, the reward dropped to 25. Yet, Bitcoin's price soared by 937% from $12.35 on the day of the halving to $127, 150 days later. This upward trajectory has been consistent across all three Bitcoin halvings to date, with price increases of 16.64% in the 2016 halving and 24.05% in the 2020 halving. These patterns indicate a strong correlation between halvings and price appreciation. However, it's important to remember that historical performance is not always a reliable predictor of future outcomes.
🌟 Will the trend continue after the upcoming halving?
💡 Dive into the details:
https://www.breakingthenews.net/Article/Bitcoin-halving:-Everything-you-always-wanted-to-know-about-it/61387498
$BTC
#Cryptocurrency #Blockchain
IBIT(BlackRock) trading volume exceeds #GBTC(Grayscale)
LIVEQYZMET
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Bearish
📊 Bloomberg Spot Bitcoin ETF#IBIT(BlackRock) trading volume exceeds#GBTC(Grayscale).
This is the first day since the listing when Grayscale can be removed from the first line of the rating.
📌 JPMorgan analysts note a decrease in investor interest in spot Bitcoin ETFs.
- Outflows from GBTC are decreasing, but capital inflows into other Bitcoin ETFs are also decreasing.
This is the first day since the listing when Grayscale can be removed from the first line of the rating.
📌 JPMorgan analysts note a decrease in investor interest in spot Bitcoin ETFs.
- Outflows from GBTC are decreasing, but capital inflows into other Bitcoin ETFs are also decreasing.
Before BTC jumped above $43K today, a JPMorgan analyst, Kenneth Worthington, said markets could be facing a possible cooling of the initial enthusiasm around Bitcoin ETFs. The move would also signal a transition to a "more normalized flow environment." + Less profit-taking in GBTC would limit Bitcoin's decline.
