Crypto investors hoping that bitcoin’s coming halving event could trigger a rally of the coin’s price may be disappointed, according to Kaiko Research.
Bitcoin has been stuck under $30,000 for the past few weeks, but a past catalysts for its rally might not work this time, Kaiko Research said on Monday.
Historically, bitcoin has seen price appreciation take hold months after halvings, but the rallies have gradually diminished over the years, as the crypto market matures, according to the analysts at Kaiko. Read: Bitcoin to reach $50,000 by year-end, but top $100,000 by end of 2024, says Standard Chartered strategist
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