Bitcoin Hodlers are counting down the days until the 2024 Bitcoin halving, hailing BTC’s fortitude under fire during the largest ongoing global trade war. Further exacerbating its inflation rate, the 2024 Bitcoin halving, which took place in April 2024, reduced new Bitcoin issuance by 50%. It had the effect of cutting block rewards in half (from 6.25 Bitcoin to 3.125 Bitcoin).
BTC has rallied over 33% since the beginning of April 2024, based on Cointelegraph Markets Pro data. Bitcoin holders are increasingly advocating for an accelerated market cycle based on the increased influence of institutions.
The upcoming 2024 Bitcoin halving is already being rejoiced in by Bitcoin holders. They are praising BTC’s resilience amid rising concerns about a global trade war and escalating tariff tensions between the United States and China.
The halving reduced block rewards. Block rewards were halved from 6.25 Bitcoin to 3.125 Bitcoin.
Bitcoin holders are forecasting a faster market cycle. An increasing institutional presence is quickly being thrown up as the cause for this much more rapid market cycle.
BTC’s resiliency is eliciting cheers from bullish Bitcoin hodlers. BTC has shot up over 33% so far since April 2024.
The halving of new Bitcoin issuance with the coming 2024 Bitcoin halving, which was already an event 48.1% priced in. It occurred in April 2024.
