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Jaroch
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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
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IBIT(BlackRock) trading volume exceeds #GBTC(Grayscale)
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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.
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The world's leading cryptocurrencies rose on Monday, with Bitcoin surpassing the $43,000 mark after falling below the $39,000 level less than a week ago 🚀
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