general

The Bitcoin “Mid-Halving” event is approaching…Here’s what to expect

The Bitcoin “Mid-Halving” event is approaching…Here’s what to expect

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer The Bitcoin “Mid-Halving” event is approaching…Here’s what to expect

Undoubtedly, the quadrennial Bitcoin mining reward split (similar to the FIFA World Cup event with more anticipation from the crypto community 🙂) is an important event.

There is an event in the middle of these divisions.

The mid-event is the mid-point between the last fork and the next which is called the “Mid-Halving” Bitcoin mining reward event which will be this time in mid-April 2022.

Historical data:

Data platform Santiment highlighted every point between the splits the market has already seen.

According to the chart, each “mid-halving” event is marked as the Bitcoin price spike before it, after which the Bitcoin drops in value until the next fork.

Read:Surprising report: Litecoin and Dogecoin project ignored by developers

The “Santiment” platform also indicates that the market is facing a correction before the next halving.

The company’s analysis is based on data from previous cycles, during which Bitcoin struggled to break important resistances, enter a growth phase and performed positively overall.

Experts also note that it is not yet clear whether Bitcoin will follow the same pattern as it did before, as it is still in the uptrend that started in mid-March.

Will the cycles be broken?

The crypto market is changing day by day, there are many events and news whose impact has become weaker than it was earlier.

Analyst Willie Wu notes that the split event may not have the same impact on the market and industry due to the massive institutional flows we saw in 2021.

Read:The founder of Ethereum: Google’s computer “Quantum” does not pose any danger to crypto

According to his hypothesis, Bitcoin is no longer a purely retail asset paid mostly by small investors.

Currently, the bulk of the Bitcoin price performance is concentrated in the hands of large financial institutions and projects such as the “Terra Foundation” which has purchased $1 billion worth of Bitcoin since only last January.

As the share of institutional money in the circulating supply of Bitcoin increases, the split event may not have the same effect.

Read also:

Axie Infinity’s Ronin Network Hacked Addresses Begin Transferring Stolen Ethereum…Details Here

Do you know how much Ethereum miners made in March 2022?


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
MicroStrategy buys $190 million worth of Bitcoin at $45,714
Next post
Axie Infinity’s Ronin Network Hacked Addresses Begin Transferring Stolen Ethereum…Details Here