The number of Bitcoins in circulation held by long-term holders has hit an ATH of 14.5M BTC.
On April 26, 2024, the next halving cycle will take place.
Bitcoin has fallen back below the $30,000 barrier, depressing short-term investors who bought in during the recent Bull Run. Perhaps Bitcoin’s volatility is what attracted investors looking to hold for the long haul. Glassnode reports that the number of Bitcoins in circulation held by long-term holders has hit an all-time high of 14.5 million BTC.
Moreover, on April 26, 2024, the next halving cycle will take place. Even while the halving event will have a negative effect on mining profitability, rising Bitcoin prices will help compensate for this. The amount of money made from each block grows in proportion to the price of Bitcoin.
This, in turn, leads to a rise in the miners’ willingness to spend money on mining gear and energy. As a result, a spike in the value of Bitcoin encourages miners to invest in additional mining hardware a
We współpracy z: https://thenewscrypto.com/bitcoin-price-trend-signals-significant-increase-ahead-of-halving/
