Bitcoin Post-Halving Price Performance Is the Worst on Record. Why?
Bitcoin's recent halving in April 2024 led to a price increase to around $95,000, representing a 49% rise, the weakest post-halving performance on record in percentage terms. Macroeconomic factors, including high interest rates and uncertainty from U.S. trade policies, have hindered significant gains. Historically, Bitcoin's price surged dramatically after halvings, with past increases reaching thousands of percent. The latest halving reduced miners' rewards from 6.25 BTC to 3.125 BTC, but the current price is only slightly above last year's levels. The mining industry faces challenges due to increased difficulty and lower prices, forcing miners to sell more coins to cover costs. Experts express disappointment over the lack of explosive growth expected post-halving, attributing it to broader economic conditions.
