The question of whether the bitcoin halving is priced in gets thrown around endlessly each time the halving comes around — often with little resolve. Yet there is one data point that makes a case for it being priced in this time around, according to Coinbase analysts.
The anticipated bitcoin halving is on schedule to occur sometime between April 16 and April 22 of this year, according to The Block's Halving Countdown. "With the next bitcoin halving approaching, the current dynamics of quotes actually indicate that more and more crypto holders believe that the halving is already included in the price. Tuesday's price drop means that investors are taking profits before the event. However, so far the downward movement looks more like a correction than a trend," Gorev told The Block.
"This means that bitcoin's response to the upcoming halving may not necessarily mirror its performance in prior cycles," he added.Every four years, a mechanism coded into bitcoin’s blockchain cuts the block reward earned by miners in half.
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