#halving-event

#halving-event

Bitcoin surpasses $50,000 for the first time since December 2021.

Bitcoin's resilience and upward trajectory highlight its role as a store of value and hedge against inflation.

Bitcoin is expected to surpass its lifetime high of $69,000 in March due to euphoric sentiment, institutional buying demand, and the upcoming halving event.

Halvings occur every four years, reducing block rewards to miners, and historically leading to price surges of several hundred percent in the following months.

Cryptocurrency markets may face headwinds due to macro and technical factors.

BTC may trade within a narrow range until the upcoming halving event.

Bitcoin overbought according to JPMorgan

Significant outflow from spot ETFs

Bitcoin price trending below $67,000 pre-halving event, influencing cycle patterns and institutional interest. Meme coins gaining traction with caution advised.

Bitcoin's impressive growth has surpassed traditional assets like stocks and gold due to its hedge against inflation and economic uncertainty.

The halving event in 2024 has generated positive sentiments by reducing the money supply growth and potentially increasing prices if demand remains high.

Bhutan plans to expand Bitcoin mining operations fivefold to 600 megawatts capacity

Bhutan's institutional interest in Bitcoin is driven by commercial opportunities and crisis mitigation

Bitcoin mining reached record monthly revenue of $2 billion in March 2022.

Upcoming halving event to decrease block subsidy from 6.25 to 3.125 bitcoins, impacting miner earnings.