What Is Bitcoin Halving 2024 Prediction

What Is Bitcoin Halving 2024 Prediction. Despite miner revenue challenges in the short term, fundamental onchain activity and positive market. This algorithmic deflationary mechanism every 4 years reduces bitcoin’s supply and drives price action.

In three previous halving cycles, bitcoin skyrocketed in value, so hopes were very high for the 2024 halving. With etf approval in early 2024, an upcoming bitcoin halving, and increasing utility many traders are.