Bitcoin Halving: What Analysts Are Saying?

🔵After the halving in April 2024, the price of Bitcoin dropped by 8%, unlike previous halvings when significant growth was observed. Analysts attribute this to the reduced impact of the halving on the price due to the market’s maturity, although the psychological effect still persists among investors.

🔵Currently, daily mining rewards account for only 0.17% of Bitcoin’s turnover, whereas, until mid-2017, this figure fluctuated between 1% and 5%. Experts note that the sharp price increase in 2020 was driven by the DeFi summer effect and central bank stimulus during the pandemic. In 2024, Bitcoin reached a historic high before the halving, which is linked to increased investments in spot Bitcoin ETFs launched in January.