Bitcoin investors are grappling with a demand dearth that has pushed the cryptocurrency into bear market territory at times.
(In the first quarter, bitcoin ETFs bought about 9,000 BTC daily on average, following their January launch.)
In the fourth quarters of 2012, 2016, and 2020 — the previous Bitcoin halving years — bitcoin prices rose by 9%, 59%, and 171%, respectively.
The most recent halving — the supply cutting event that takes place every four years — happened this April.
BTC.CM= YTD mountain Bitcoin (BTC) year-to-date Bitcoin is set up well for the final quarter , but it's still working through a supply overhang from the U.S. and German governments as well as Mt.
Persons:
It's, John Todaro, Needham, uptrend, it's, Wolfe, Rob Ginsberg, Owen Lau, Oppenheimer
Organizations:
CNBC, BTC, Federal Reserve, U.S
Locations:
China, U.S