The Bitcoin halving, a momentous event that occurs approximately every four years, has captivated crypto enthusiasts worldwide. As an expert in crypto trading and investments, you’re well aware of its significance. In this post, we’ll delve into the historical context, explore the impact of previous halvings, and discuss the upcoming 2024 halving.

1. The Basics of Bitcoin Halving

Bitcoin’s block reward halves every 210,000 blocks, reducing the issuance rate.

The first halving occurred in 2012, slashing the reward from 50 BTC to 25 BTC per block.

Subsequent halvings in 2016 and 2020 further reduced the reward to 12.5 BTC and 6.25 BTC, respectively.

2. The First Halving (Nov. 28, 2012)

The closing price on the halving day was $12.20.

Despite fears of miner capitulation, the network thrived, and Bitcoin embarked on its first major bull run, reaching ~$1,000 by the end of 2013.

Early lesson learned: Halvings are bullish for both the Bitcoin network and its price.

3. The Second Halving (July 9, 2016)

The block reward dropped to 12.5 BTC.

Bitcoin’s price surged from $650 to over $19,000 during the subsequent bull run.

Skeptics’ “Bitcoin is dead” narratives were debunked as the network continued to thrive.

4. The Third Halving (May 11, 2020)

The reward further decreased to 6.25 BTC.

Within a year, Bitcoin price returned an astonishing 3,230% gains, reinforcing the bullish trend.

5. The Upcoming Fourth Halving (April 17, 2024)

The block reward will be halved to 3.125 BTC.

Bitcoin ETFs in the United States have made it easier for traditional investors to buy BTC, potentially sparking significant demand.

The halving coincides with high inflation rates globally, making Bitcoin an attractive hedge against monetary policies and macroeconomics.

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Don't worry, ✅
what's happening in the market right now is quite normal. $BTC and other markets are going down, mainly due to two reasons: tensions between Iran and Israel causing people to sell assets, especially in the Middle East, and the upcoming Bitcoin halving. Historically, BTC tends to drop 25-40% before halving but then surges afterward, reaching all-time highs. So, if you're holding any coins, don't sell. Just wait for the surge after halving, and things should return to normal. A few days after halving, we'll likely see all coins pumping, except for a few exceptions. This is actually a good time to invest, but remember, patience is key in spot trading. Never sell at a loss. Hold, wait for dips, and sell when you're in profit. That's how spot trading works. Stay strong and safe. Follow for more info and signals. #BTCHalvingApril2024 #pepe回調 #FLOKI✅ #bitcoinhalvingn #HIFI🔥come

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What are Runes?

"Runes" in the context of cryptocurrency are refer to specific tokens or assets associated with blockchain projects, often used in decentralized finance (DeFi) or gaming platforms. These tokens may have rune symbols in their branding or nomenclature. For example, the THORChain project uses the symbol "RUNE" for its native token, which is used within the THORChain ecosystem for various purposes like staking, governance, and providing liquidity.

"Airdrops" in the cryptocurrency world refer to the distribution of free tokens or coins to wallet addresses as a promotional or reward mechanism. Airdrops can be conducted by blockchain projects to raise awareness, incentivize participation, or reward users for specific actions such as holding certain tokens, participating in a community, or completing tasks.

Sometimes, projects conducting airdrops may distribute their native tokens with rune symbols or names associated with their project. This can tie into the project's branding strategy and help create a unique identity for their tokens within the crypto community.

$BTC Polkadot (DOT):
Current Price: Polkadot (DOT) is currently priced at $8.43 with a 24-hour trading volume of $585.72 million. Its market cap stands at $8.33 billion, and it holds a market dominance of 0.32%.
Historical High and Low: Polkadot reached its highest price on November 4, 2021, when it traded at an all-time high of $54.98. Conversely, its lowest price was recorded on August 22, 2020, when it hit an all-time low of $2.82. Since reaching its ATH, the lowest price observed was $3.59 (cycle low).
Recent Cycle High: The highest DOT price since the last cycle low was $11.86 (cycle high).
Price Sentiment and Fear & Greed Index: Currently, the price prediction sentiment for Polkadot is bearish, while the Fear & Greed Index indicates 79 (Extreme Greed).
Circulating Supply: Polkadot’s current circulating supply is 987.58 million DOT out of a maximum supply of 1.00 billion DOT.
Market Rankings: In terms of market cap, Polkadot is currently ranked #7 in the Proof-of-Stake Coins sector and #12 in the Layer 1 sector.
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💰 Bitcoin Profit ratio of current supply is 88.8%

The last time this level was reached was on February 7, 2024, when the price was $44,000.

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Mostly bitcoin investments will go zero.
Don't invest in bitcoin! $BTC = 9000 Soon!
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A big amount of Bitcoin is expected to be sold off by miners after the halving, according to an analyst. This could lead to about $5 billion worth of Bitcoin being sold, which might push prices down for 4-6 months, similar to what has happened before. This could create a tough time for crypto markets, like a six-month 'summer' recession. After the 2020 halving, Bitcoin traded in a range between $9,000 and $11,500 for five months, suggesting a possible sideways trend until October after the halving. Miners usually hold onto Bitcoin before the halving, causing prices to rise. This pattern repeated in 2024, with Bitcoin reaching $73,734 before dropping below $63,000 in mid-April. Altcoins might also suffer, staying below their highs from 2021 during this market turbulence. Marathon Digital, a major miner, might reduce its daily production after the halving, affecting the market. If all miners start selling off Bitcoin after the halving, it could lead to a daily sale of $104 million, which could reverse the imbalance between supply and demand that boosted prices before the halving. Stay informed with Professor Mende! #bitcoinhalvingn #BTC🌪️ #SHIB #HotTrends
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#LINA/USDT (LONG, x20)
Entry - 0.00752
SL - 35-40%

Take-Profit:
TP1: 0.00767 (40% profit)
TP2: 0.007746 (60% profit)
TP3: 0.007821 (80% profit)
TP4: 0.007896 (100% profit)

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$BTC $BTC Updates 🔴

🟡 Previously, BTC had risen to touch 66.8K, but it rejected from there because there was an ema holding it. Currently possible further decline to 61-60k again to retest once again to support. 📌
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Scam crypto projects using stolen funds for liquidity disappear
Blockchain investigator ZachXBT identified scammers providing liquidity funds to several fake projects across multiple blockchains, including Base, Solana, Scroll, Optimism, Arbitrum, Ethereum and Avalanche.

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