A year has passed since then Bitcoin I had that square half Prices usually skyrocket.
However, while it is true that Bitcoin rose to an all-time high after the latest half in April 2024, the spike percentage was not as large as it had in the past cycles.
Data provider Kaiko said Decryption The biggest price of a coin is certainly rising, but macroeconomic factors prevent it from gaining the same kind of profit.
In the report, Kaiko said at a recent level that the increase represents “the weakest post-harving performance on record in terms of growth.”
Following a surge in the past week, Bitcoin has risen by about $95,000 on Friday, about 49% since half. Past rate increases have broadly reached three or four numbers over the same time span.
“One of the main changes (this Bitcoin cycle) is the current macro regime. The profit margins weren’t that high.” Decryptionadded that “current periods of high uncertainty” is undermining the performance of the coin.
Bitcoin usually works well in a low interest rate environment, along with other risk-on assets such as stocks. But they are disappointed in the fear of US President Donald Trump Trade warsdramatic cost reductions, and other macroeconomic uncertainties, bring higher prices and stunt growth.
Bitcoin It has risen sharply As Crypto Markets hoped the new administration’s policies would support the industry, it reached a peak price of just under $109,000 on January 20th, Trump’s inauguration day.
Half of it occurs every four years, and slashes block minor rewards (power-hungry operations that handle transactions on the network) in half. With less digital coins with less circulation, investors and industry observers generally expect a surge in assets.
A proper case: Before Bitcoin was first halved in 2012, the price was $12.35. A year later, the coin priced at $964, earning nearly 8,000%.
In the next half of July 9, 2016, Bitcoin was trading hands for $663. Fast forward to 2017, value rose, up 277% at the price of $2,500.
And in the previous half that took place on May 11, 2020, BTC was valued at $8,500. The following year, the Bull Run continued, with Bitcoin surgening to an all-time high of over $69,000, up 762%.
The last half For each block you process, reduce the miner’s reward from 6.25 BTC to 3.125 BTC. However, Bitcoin prices are not only 50% higher than last year.
It previously confused experts I said Decryption Half – with historic approval Spot Bitcoin ETF Last January – It will lead to a staggering run of major cryptocurrencies. It certainly has surged and has made a significant dollar profit, but the size of the spike is overwhelmed by industry observers.
Retail investors aren’t the only ones who are disappointed. Very strict mining is also suffering, and low prices for BTC means businesses are being forced Sell coins More than before to cover operational costs.
Curtis Harris, senior director of growth at Compass Mining, said the increasing difficulty of mining (competition for small-scale rewards) has made it difficult for the industry to survive.
“Unlike the previous cycle, many miners were hoping for half of April 2024, which didn’t bring about explosive price growth,” he said. DecryptionHe added that “big economic visions” have also become difficult for spaces.
Trump’s Election victory November and his inauguration ceremony reached Bitcoin’s highest ever priced price. However, the assets have since plunged in, and partially recovered among investors, with fears about his unstable policies regarding trade tariffs and the economy.
“These will increase borrowing costs, make miners more cautious and delay investments in new mining operations,” he added.
But said Shannon Squires, the Chief Mining Mining Officer of Compass Mining. Decryption Miners could have foreseen that the rally was less active than the previous post-Harking ones.
“Most people have a stable profit when they optimize their operating expenses and run a good business,” Squires said. “No one who built a mine farm in the hopes of $1 million in bitcoin today was paying attention.”
Edited by Andrew Hayward
