Halving
Top traders say Bitcoin's historical four-year halving cycle may be losing predictive power as the price drops to $100,000; analyst Scott Melker points to shifting timing of past cycle peaks.
Marathon Digital CEO warns that Bitcoin miners who rely on spot-grid power risk insolvency and urges operators to secure dedicated energy sources ahead of the next halving. The statement highlights growing cost pressure across the mining sector.
Bitdeer reported a 174% year-over-year revenue increase in Q3 to $150M and added over 500 BTC, lifting reserves to 859 BTC. Expansion in Bhutan and Norway boosted capacity as the company positions itself ahead of the Bitcoin halving.
Bitcoin's price has soared by 67% since September 2023, driven by excitement over the first US spot Bitcoin ETF approval, the upcoming halving event in April 2024, and easing economic conditions. Major firms like Blackrock are expected to launch ETFs soon, making trading more accessible. Despite its growth, Bitcoin remains a highly volatile and speculative asset. Platforms like Bitlet.app offer services that help users invest in Bitcoin via installments, making entry more convenient.
Bitcoin's recent price behavior suggests a potential shift away from its historical four-year cycle influenced by halving events, with experts predicting accelerated growth between late 2025 and early 2026 amid changing market dynamics.