Bitcoin Soared to an All-Time High. So Why Aren’t Miners Blasting Off, Too?
One explanation: Investors are pouring money into spot ETFs while avoiding miners due to risks related to the Bitcoin halving.
Halving
Bitcoin Could Slide to $42K After Halving Hype Subsides, JPMorgan Says
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said.
Crypto Miners Still Selling Their Bitcoin as Reward Halving Looms, Blockchain Data Show
The number of bitcoin held in wallets tied to miners has dropped to the lowest since mid-2021.
Bitcoin Bulls Target $69K Lifetime Highs Ahead of Halving
An expected pre-halving rally is a good spot to realize short-term profits, one market observer said.
Crypto for Advisors: Bitcoin’s 4th Halving Is Approaching
The approval of the spot bitcoin ETFs constituted a landmark event for the $1.7 trillion digital asset industry. With institutional investors on board, demand for bitcoin will grow significantly.
2 Reasons Bitcoin Could Challenge Record High of $69K Before Halving
Veri from past cycles entered around halvings and a key technical analysis tool suggest that the path of least resistance is higher.
How the ‘Halving’ Could Impact Bitcoin
Bitcoin halvings have generally been good for the network. But price increases have decreased over time, says Todd Groth, head of research at CoinDesk Indices.
Bitcoin ‘Stronger’ Ahead of Halving: Grayscale
Spot bitcoin ETFs have amassed more than 192,000 bitcoin in holdings, as of Friday, since their launch nearly a month ago.
Bitcoin Miner Shares Offer Good Entry Point Ahead of Halving Event: Bernstein
The cryptocurrency has performed well before the halving and is likely to sustain momentum for the rest of the year, leading to new highs, the report said.
Why 2024 Will Be Bitcoin’s Year
ETF approvals and a halving set for April will change the supply-and-demand dynamic of bitcoin, likely sending the price higher, says John Stec at Küresel X.