#BTCReclaims101K

However, this upward movement of Bitcoin is due not only to Donald Trump's victory in the US presidential election and his plan to create a strategic reserve of 1 million Bitcoins. According to analysts, there are several other key factors that influence the cryptocurrency market:

The effect of the halving. The last one took place in April 2024, which halved the reward for mining a new block - from 6.25 to 3.125 Bitcoins. This led to a reduction in the growth rate of the cryptocurrency supply and, as a result, an increase in the price.