Will the Next Bitcoin Halving Be Another Hype Cycle?
Following the launch of bitcoin ETFs, market watchers are looking for the next event that could drive market prices.
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Halving
Following the launch of bitcoin ETFs, market watchers are looking for the next event that could drive market prices.
CryptoQuant data shows that miners are moving bitcoin to exchanges, likely because of a need to build more liquidity in anticipation of higher capital expenditures.
Strong miners might be about to eat the weak ones as the reward for mining BTC gets cut in half, experts say.
The Bitcoin hashrate has been climbing steadily all year, and Antpool has edged ahead of Foundry while stockpiling bitcoin.
The magnitude of the expected halving-led uptrend in bitcoin is likely contingent on major central banks boosting their year-on-year M2 money supply growth rates, past data show.
Litecoin, a blockchain cloned from Bitcoin in 2011 that underwent a key milestone on Wednesday known as a “halving,” provides network security to Dogecoin via a process called “merged mining.”
The Morgan Creek Capital Management founder said that bitcoin will reach $300,000 by Bitcoin’s 2028 halving.