Bitcoin Halving 2024: Will History Repeat With $400K Peak or Diminishing Returns?
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Bitcoin's "halving" occurs every 4 years, reducing the bitcoin mining reward by 50%. Historically, bitcoin's price has rallied to a new all-time high in the months following each halving event.
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The next halving is expected around April 20, 2024. Some investors anticipate this halving could trigger another bitcoin price rally, potentially to over $400,000 by 2025.
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However, bitcoin's post-halving price peaks have been falling, and other market conditions also impact price, so a major rally is not guaranteed.
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Bitcoin often leads wider crypto market moves. Altcoins tend to rally following bitcoin halvings as interest and capital flow into the crypto ecosystem.
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With bitcoin dominance at 52%, a bitcoin price surge could lift the broader crypto market. But altcoins and blockchain innovations also present opportunities amid growth.