The Rise of Bitcoin and Its Effects

The price of Bitcoin (BTC) reached a high level, surpassing $71, before the 4th block reward halving. This expected halving, reducing new BTC production by 50%, strengthened positive expectations among investors. Block Reward Halving and Altcoins The upcoming block reward halving is seen as a positive development for Bitcoin and altcoins. Investors’ expectation of a rally after this period is increasing the value of the Bitcoin ecosystem and related altcoins. Investments in the Ordinal and BRC-20 ecosystem also benefited from this situation and boosted confidence. BRC-20 Tokens and Market Situation The value of BRC-20 tokens increased by around 6% in the last 24 hours. Tokens such as Multibit (MULTI), pepe (PEPE), alex (ALEX), and pizza (PIZA) stood out, while a 22% decrease was observed in the PUPS token associated with Pups Ordinal. Effects of Bitcoin Block Reward Halving Bitcoin’s block reward will halve for miners, leading to a decrease in […]

The Rise of Bitcoin and Its Effects

The price of Bitcoin (BTC) reached a high level, surpassing $71, before the 4th block reward halving. This expected halving, reducing new BTC production by 50%, strengthened positive expectations among investors.

Block Reward Halving and Altcoins

The upcoming block reward halving is seen as a positive development for Bitcoin and altcoins. Investors’ expectation of a rally after this period is increasing the value of the Bitcoin ecosystem and related altcoins. Investments in the Ordinal and BRC-20 ecosystem also benefited from this situation and boosted confidence.

BRC-20 Tokens and Market Situation

The value of BRC-20 tokens increased by around 6% in the last 24 hours. Tokens such as Multibit (MULTI), pepe (PEPE), alex (ALEX), and pizza (PIZA) stood out, while a 22% decrease was observed in the PUPS token associated with Pups Ordinal.

Effects of Bitcoin Block Reward Halving

Bitcoin’s block reward will halve for miners, leading to a decrease in BTC supply. The current 6.25 BTC reward will drop to 3.125 BTC post halving. Open interest (OI) is over $25 billion, indicating increased interest in Bitcoin among investors.

Useful Information for Readers

The 4th block reward halving of Bitcoin is creating a positive expectation in price.
Investors’ interest in the Bitcoin ecosystem and altcoins is increasing, boosting confidence in the ecosystem.
BRC-20 tokens, especially memecoins, are achieving high gains.
Post-halving, mining rewards will decrease by 50%, causing a decrease in Bitcoin supply.
The increase in open interest indicates that investors may consider the post-halving price volatility as an opportunity.

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