100 Days After Bitcoin Halving: Market Awaits Potential Surge

Today marks 100 days since Bitcoin's most recent halving event, which reduced mining rewards from 6.25 BTC to 3.125 BTC per block. This significant cut, which took place on April 20, 2024, is designed to control Bitcoin's supply, making the cryptocurrency scarcer over time and often leading to price increases.

Historically, such halvings, which occur every four years, have preceded notable price rallies. Previous halvings in 2012, 2016, and 2020 were followed by significant price gains, typically starting around 100 days post-event. According to research from ETC Group, this period marks the beginning of significant bullish momentum, with statistical data showing increased mean excess performance beyond this threshold.

Andre Dragosch, head of research at ETC Group, highlighted that the reduced influx of new bitcoins is just beginning to impact the market. As per their analysis, the next phase could see a marked acceleration in Bitcoin's price, with the effects of the halving becoming statistically significant, often leading to substantial market movements.

While the exact impact of this latest halving remains uncertain, the crypto community is closely monitoring the market's response. The upcoming period is critical, as historical patterns suggest that Bitcoin's price might experience substantial growth, driven by the decreased supply and increasing demand.

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