Bitcoin up 33% since 2024 halving as institutions disrupt cycle

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Coin Telegraph 1d ago

Bitcoin up 33% since 2024 halving as institutions disrupt cycle - Coin Telegraph

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Continued institutional buying, including by Bitcoin ETFs, paired with Bitcoin’s rising scarcity, may accelerate Bitcoin’s rise to new highs, he told Cointelegraph.“With growing scarcity triggered by the halving, Bitcoin will likely retest its all-time high if it breaches the $90,000 mark in the coming weeks,” Usi Zade said.“While the halving offers a good basis for growth based on demand and scarcity, the timeline for impact on price can vary over time.”He noted that Bitcoin’s growth remains closely tied to traditional financial markets and investor sentiment.

He said a US Federal Reserve rate cut in May or June may “pump more money into the system and push Bitcoin up faster.”The halving is a built-in feature of the Bitcoin network that assures Bitcoin’s scarcity, which is considered one of BTC’s defining monetary characteristics.

Bitcoin holders are celebrating one year since the 2024 Bitcoin halving by praising BTC’s resilience amid a global trade war and suggesting an accelerated market cycle due to a growing institutional presence.