Bitcoin up 33% since 2024 halving as institutions disrupt cycle
Bitcoin holders mark one year since the 2024 halving, which reduced block rewards from 6.25 BTC to 3.125 BTC, halving new BTC issuance. Despite global trade tensions, Bitcoin has risen over 33% since April 2024. Market analyst Enmanuel Cardozo notes that economic uncertainty is keeping some investors cautious, although institutional investments could accelerate Bitcoin's market cycle. Predictions suggest a market bottom around Q3 2024 and a peak by mid-2026, influenced by potential US Federal Reserve rate cuts. Institutional adoption and Bitcoin ETFs are believed to contribute to a shorter market cycle, with expectations that Bitcoin could retest its all-time high if it surpasses $90,000. Bitcoin reached a new all-time high above $109,000 on January 20, 2025, just 273 days post-halving, significantly quicker than previous cycles.
