Crypto Market Update About Halving.
Assalamualaikum Owarahmatullah. How are you all I hope you are well. Today I am here with another writing post . Hope you all like it and let us know what you think. Today my topic is that bitcoin halving has already happened but I am sharing some information with you about why the market is not pumping or when we will see a good pump in the market.
Bitcoin Halving was completed on April 20. The first halving of bitcoin was in 2012, the next halving was in 2016, the next halving was in 2020, and the fourth halving was completed this year in April 2024. But if we take a look at the past history, we can see that the first time when the halving happened in 2012, the market pumped a lot within a month of the halving. Then when the halving happened in 2016, the market pumped a lot more after about three months. The third time when the halving happened in 2020, the market did not respond for about six months, then we saw a much bigger pump. Halving is done in the same way. After that we have to wait for four to five months and hopefully we can see a big pump. Because this time the market is a little different than other times. The reason is that there are BTC ETF and Black-Rock in the market this time and there are many better news due to which we hope to see a much better pump in Halving compared to other times.
Another point is sharing a little information about why the market pumps after the Halving. I will share details about that in the next post. First of all in 2012, there was 25 BTC reward per block, then in 2016, it was halved to 12.5 btc reward. After this 6.25 reward in 2020 and now after this halving reward has become 3.125. That means the supply of bitcoin is constantly decreasing. The demand in the market is increasing but the supply is not in that proportion. Where earlier 50 btc used to come to the market, now 3.125 btc will come, which means you can understand that the supply is decreasing a lot. And we know that if the demand for any product is high and the supply is low, the price of the product increases a lot. That's why the market pumped a lot after the halving. Please let me know how you like this post, thank you very much.
ABOUT ME
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Hey I Am Amran Hossain Patwary.I Am Professional Digital Marketer And I Also Web Developer. My Steemit Account @ahp93 . I am Using Steemit From December 2022 . I Like Traveling & Photography . I am Very Interested on Information Technology. I Want to Learn More About Technology And I Want to Teach About Technology .
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Great article you have shared here friend, I really appreciate you sharing about this at this time, indeed Bitcoin halving will have positive ramifications on the price of Bitcoin and other crypto asset. Thanks for sharing.
Thank you so much, for reading my post.
Thank you so much for conducting a deep level study about this topic, and most of people are still searching these topics and you have done a great shot with crisp and clear. Vey well, Great success.
Thank you so much brother for your beautiful and valuable comments.
Learned new news about halving. Feel good. Thank you.
Thanks to you brother.
I also agree with you that the supply of Bitcoin is constantly decreasing, the demand in the market is increasing but the supply is not proportional. And that's why the BullRun will start very soon, Bitcoin is going to create a new all-time high again.
Yes, your thinking is right.