Why It May Not Guarantee Price Surge

The Bitcoin halving, an important event written into
the cryptocurrency’s code, is two days away. This event, which occurs roughly
every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency
community is abuzz with anticipation ahead of the halving, especially given recent developments such
as the approval of spot Bitcoin ETFs and improved crypto regulations.

The 2024 halving is expected to have ripple effects
throughout the entire financial system as retail investors gain exposure to
Bitcoin through ETFs. This could result in increased crypto transactions,
trading volume, investment, and speculation in the space, Finance Magnates reported. According to the countdown by Binance, the Bitcoin halving event will occur in the next two days.

Following the halving, miners often experience a
significant reduction in revenue. Additionally, the reduction in selling
pressure can contribute to increased trading volume and price
volatility
Volatility

In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders

In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders
Read this Term in the market, Finance Magnates reported. Goldman Sachs recently cautioned investors against associating Bitcoin’s halving with price surges, Coindesk reported. This is because continued gains in price rely on strong inflows into
spot ETFs and not just halving.