The Clock Has Ticked on Bitcoin's Post Halving Surge, 100 Days After the Latest Quadrennial Halving
Briefly

from Coindesk6 months ago
Bitcoin's halving-led supply reduction usually drives positive price momentum post-100 days. The event reduces mining rewards by 50%, managing the total Bitcoin supply towards its 21 million cap.
Coindeskhttps://www.coindesk.com/markets/2024/07/29/the-clock-has-ticked-for-bitcoins-price-surge-100-days-after-the-halving/
Historically, post-halving periods have ushered in significant price hikes for Bitcoin. The recent halving on April 20th scaled down mining rewards to 3.125 BTC, aiming to create scarcity in the long run.
Coindeskhttps://www.coindesk.com/markets/2024/07/29/the-clock-has-ticked-for-bitcoins-price-surge-100-days-after-the-halving/
"Today marks exactly 100 days after the Bitcoin Halving event on April 20. ...the halving-induced supply deficit should just start taking effect from now on," Andre Dragosch, ETC Group's head of research.
Coindeskhttps://www.coindesk.com/markets/2024/07/29/the-clock-has-ticked-for-bitcoins-price-surge-100-days-after-the-halving/
Read at Coindesk
#bitcoin #mining-reward-halving #price-momentum #supply-reduction #historical-data-analysis
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