The price of Bitcoin today increased above $ 90,000 and attracted the attention of investors. However, after the last Halving performance, his performance remained weak compared to past loops. While it is known that the rise after the Halving process gained aggressive accelerations in the previous years, this acceleration has not yet been observed in 2024. Market experts emphasize that despite the increase in the price, this performance does not meet expectations.
Weak performance compared to previous cycles
Bitcoin exhibited remarkable rise during the past Halving times. 7000 percent in 2012, 291 percent in 2016 and 541 percent in 2020 increased by leading crypto currency, investors made high gains. However, after the 2024 Halving, a similar rise did not begin. Analysts say that this may depend on the increasingly mature structure of Bitcoin and the change of market dynamics.
Reduction of volatility can enable crypto currency to be adopted more by large masses. However, this can also lead to limited speculative increases. The more cautious behaviors of new investors and the increase in the impact of big players on the market may be suppressing their price.
Economic uncertainty increased its effect
The 2024 Halving period encountered more harsh macroeconomic winds than previous years. This year’s average of the Economic Policy Uncertainty Index has reached three times according to past cycles. This increase causes indecision in investment decisions and weakens the interest in volatility such as Bitcoin.
Especially the trade tariffs implemented in the USA and the global tensions experienced as a result of this increased pressure in the markets. Although crypto currencies promise non -decentralization, they cannot act independently of global macroeconomic conditions. Experts point out that the pressure on prices is largely outdated.
Changes in liquidity flow and fluctuations in investors’ risk appetite also support this slow performance. The drawing of a similar painting of digital assets other than Bitcoin indicates that the general market appearance develops independently of Halving.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
