Bitcoin Rises 33% Post-Halving, Institutions Drive Highest Demand
Bitcoin (BTC) has recorded a rise reaching its highest level of US$109 thousand, or up 33% since the Halving phenomenon occurred in April 2024.
Bitcoin reached this new all-time high just 273 days post-Halving. According to historical data, new all-time highs typically occur after 500 days post-Bitcoin Halving.
Analysts believe this surge is driven by institutional demand and the growth of Bitcoin Exchange-Traded Funds (ETFs). The scarcity of Bitcoin due to the Halving also pushes Bitcoin to new records.
Enmanuel Cardozo from Brickken added that the role of large institutions like Strategy and Tether accelerates the Bitcoin market cycle. He estimates that if the trend continues, the price peak could occur earlier than previous cycles due to increasing liquidity and a more mature market.
However, investors remain cautious amid global economic uncertainty and selling pressure. US-China trade tensions and monetary policies, such as the possibility of interest rate cuts by The Fed, also influence market sentiment.
The price movement of Bitcoin post-halving this time is faster than previous cycles, with the role of institutions and ETFs becoming more dominant. Although historical patterns remain a reference, new factors have changed market dynamics.
