The Bitcoin halving historically triggered significant volatility in the cryptocurrency market, with strong rallies following the event.
However, miners may begin selling their BTC holdings to offset rising mining costs, potentially putting downward pressure on the Bitcoin price in the immediate aftermath.
We are finally just four days away from the much-awaited fourth Bitcoin halving that will majorly change the supply and demand dynamics for Bitcoin while cutting the rewards in half. The Bitcoin halving event could cause a major supply shock in the market thereby driving the Bitcoin price higher in the long term.
In conventional stock markets, a supply shock denotes an abrupt and substantial disturbance to the overall supply of a specific stock or security. On the other hand, the Bitcoin supply in the exchanges has been reducing signaling major scarcity.
In essence, supply and demand form the cornerstone of economics, delineating the availability (supply) and desire (demand) for a p
