🔥 The impact of Bitcoin halving on the crypto market 🚀 #BitcoinHalving
The Bitcoin halving is one of the most important events in the crypto ecosystem. It occurs approximately every four years and halves the reward that miners receive for validating transactions, decreasing the supply of new BTC in circulation. This mechanism reinforces Bitcoin's programmed scarcity, with a maximum supply of 21 million coins.
📅 History of halvings and their impact on price:
2009 – Creation of Bitcoin (50 BTC per block).
First halving (November 28, 2012) – Reward reduced to 25 BTC. The price was around 12 USD and six months later it reached 130 USD, marking a growth of 983%.
Second halving (July 9, 2016) – Reduction to 12.5 BTC. Bitcoin was trading near 660 USD and six months later rose to 900 USD.
Third halving (May 11, 2020) – Decrease to 6.25 BTC. BTC went from 8600 USD to over 15,700 USD in six months.
Fourth halving (April 20, 2024) – New reduction to 3.125 BTC. Bitcoin was trading at 64,262 USD and had a slight adjustment after the event.
📊 Technical fundamentals of the impact of halving:
✅ Less supply, same demand: The issuance of BTC is reduced, which can create upward pressure if demand remains or grows.
✅ Mining difficulty and hash rate: With a lower reward, some miners may exit the market, temporarily reducing the hash rate until the price adjusts.
✅ Accumulation cycles: Large investors anticipate the halving by buying BTC before the event, creating periods of accumulation and subsequent price adjustment.
✅ Decreasing inflation: BTC is a deflationary asset, making it attractive as a store of value against fiat currencies with increasing inflation.
✅ Impact on institutional markets: Bitcoin ETFs and institutional adoption can amplify demand post-halving, accelerating the upward trend.
