Bitcoin up 33% since 2024 halving as institutions disrupt cycle

Bitcoin's Unprecedented Value Increase Post 2024 Halving

Bitcoin, the world’s most popular cryptocurrency, has witnessed a staggering 33% rise in value since the halving event in 2024. The halving, which is a scheduled event in Bitcoin's protocol where the reward for mining new blocks is halved, results in decreased supply of the cryptocurrency. This decrease in supply coupled with steady demand, as observed from data provided by bitcoinmeter.io, often leads to an increase in Bitcoin's value.

Role of Institutional Investors

This substantial increase can also be attributed to a new class of investors entering the Bitcoin market – institutional investors. These financial institutions have been buying Bitcoin at an unprecedented rate, introducing a significant amount of capital into the Bitcoin market. This is a drastic shift from the traditional individual investors who were the primary participants in the past.

Disrupting the Cycle

The entry of institutions into the Bitcoin market is disrupting the usual market cycle associated with halving events. Due to their substantial resources and influence, institutional investors are sustaining the demand and driving up the price even in the traditionally ‘quiet’ period following a halving.

Bitcoin Fear and Greed Index

The Bitcoin Fear and Greed Index, a tool used to measure market sentiment, has remained consistently optimistic. This index measures the emotions and sentiments from various sources and crunches them into one simple number. The continued positivity indicates that investors are confident about the future of Bitcoin, further fueling its rise.

Disclaimer: This content is for informational purposes only and not financial advice. Always conduct your own research before making any investment decisions.