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Bitcoin holders are celebrating one year since the 2024 Bitcoin halving by praising BTC\u2019s resilience amid a global trade war and suggesting an accelerated market cycle due to a growing institutional presence.<\/p>\n
The 2024 Bitcoin halving<\/a> reduced block rewards from 6.25 Bitcoin (BTC<\/a>) to 3.125 BTC, slashing new BTC issuance in half.<\/p>\n Despite rising concerns over a global trade war<\/a> and escalating tariff tensions between the United States and China, BTC has climbed more than 33% since April 2024, Cointelegraph Markets Pro data shows<\/a>.<\/p>\n \u201cSo, even though Bitcoin\u2019s showing resilience, I think the mix of past experiences, economic uncertainty, and this selling pressure is keeping investors on the sidelines, waiting for a stronger green light before they jump in,\u201d said Enmanuel Cardozo, a market analyst at asset tokenization platform Brickken.<\/p>\n Cardozo added that institutional investment from firms such as Strategy<\/a> and Tether<\/a> could speed up Bitcoin\u2019s traditional four-year halving cycle. He added:<\/p>\n \u201cFor the 2024 halving in May, that puts the bottom around Q3 this year and a peak mid-2026, but I think we might see things move it a bit sooner because the market\u2019s more mature now with more liquidity.\u201d<\/p><\/blockquote>\n However, Bitcoin\u2019s trajectory remains tied to broader monetary policy, the analyst added. He said a US Federal Reserve rate cut in May or June may \u201cpump more money into the system and push Bitcoin up faster.\u201d<\/p>\n The halving is a built-in feature of the Bitcoin network that assures Bitcoin\u2019s scarcity<\/a>, which is considered one of BTC\u2019s defining monetary characteristics.<\/p>\n Related: <\/strong><\/em>Crypto, stocks enter \u2018new phase of trade war\u2019 as US-China tensions rise<\/strong><\/em><\/a><\/p>\n Institutional adoption and Bitcoin exchange-traded funds (ETFs) may be contributing to a shorter market cycle, according to Vugar Usi Zade, chief operating officer at Bitget exchange.<\/p>\n Continued institutional buying, including by Bitcoin ETFs, paired with Bitcoin\u2019s rising scarcity, may accelerate Bitcoin\u2019s rise to new highs, he told Cointelegraph.<\/p>\n \u201cWith growing scarcity triggered by the halving, Bitcoin will likely retest its all-time high if it breaches the $90,000 mark in the coming weeks,\u201d Usi Zade said. \u201cWhile the halving offers a good basis for growth based on demand and scarcity, the timeline for impact on price can vary over time.\u201d<\/p>\n He noted that Bitcoin\u2019s growth remains closely tied to traditional financial markets and investor sentiment.<\/p>\n Related: <\/strong><\/em>Bitcoin speculative appetite declines as investors seek safety<\/strong><\/em><\/a><\/p>\n Bitcoin reached a new all-time high above $109,000<\/a> on Jan. 20, 273 days after the 2024 Bitcoin halving, signaling an accelerated market cycle.<\/p>\n In comparison, it took Bitcoin 546 days to reach an all-time high after the 2021 halving, and 518 days after the 2017 halving, according to data shared by popular crypto trader Jelle, in an April 8 X post<\/a>.<\/p>\nETFs and institutions fuel faster cycle<\/h2>\n