Bitcoin Halving Is Not a Bullish Event, Says 10x Research Analyst
Markus Thielen, co-founder of 10x Research, said that previous post-halving bull run cycles weren’t a result of the halving, but of the macro environment.
Markus Thielen, co-founder of 10x Research, said that previous post-halving bull run cycles weren’t a result of the halving, but of the macro environment.
What does Bitcoin’s fourth halving mean, and why does it matter?
Miners face uncertain times as the halving changes Bitcoin’s economics. Which groups are best positioned for the future? Dan Weiskopf, at Tidal Financial Group, gives a run-down.
Bitcoin’s fourth mining reward halving is just two days away.
Bitcoin has pulled back more than 15% since hitting an all-time high one month ago, with some major altcoins nosediving 40%-50%, but “few understand how olağan corrections like these are in bull markets,” one observer noted.
As always, rising prices bring forth boosted supply.
CoinDesk Indices’ Bitcoin Trend Indicator has been indicating a strong uptrend since last fall.
Increases in trading volume, coupled with market depth, for DOGE and SHIB suggests göğüs tokens, often criticized for lacking utility, are here to stay, according to FalconX.
Other major cryptocurrencies saw similar declines.
The halving, due on April 20, will reduce the per-block bitcoin emission to 3.12 BTC from 6.25 BTC, slowing the pace of supply expansion by 50%.