2024

Bitcoin

April

Reserve

<p>Bitcoin faces an unprecedented challenge. Over 10% below its historical peak, the world’s leading cryptocurrency struggles to rebound despite the halving in 2024. This unexpected stagnation raises multiple concerns among investors and sector experts.</p> 
<h2 id="h-le-bitcoin-en-quete-de-son-elan-perdu">Bitcoin in search of its lost momentum</h2> 
<p>Since its <a href="https://www.cointribune.com/halving-bitcoin-levenement-tant-attendu-est-enfin-arrive/" target="_blank" rel="noreferrer noopener">last halving in April 2024</a>, Bitcoin has not managed to reach a new historical peak. This is the longest cycle in crypto’s history without hitting a post-halving price peak. Bitcoin is currently suffering from a “lack of energy.” It seems we are in the midst of a prolonged period of stagnation. <a href="https://cointelegraph.com/news/bitcoin-still-10-down-post-halving-record-delay-all-time-high" target="_blank" rel="noreferrer noopener">An analysis of cycles from market lows shows that the $69,000 level, reached in 2021, remains a significant hurdle</a>.</p>
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<p>This lack of dynamism contrasts sharply with traditional post-halving expectations, where a reduction in mining supply is supposed to strengthen Bitcoin’s value. Moreover, the disconnect between expectations and reality fuels market frustration.</p> 
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<h2 id="the-impact-of-u-s-economic-policies-on-bitcoin">The impact of U.S. economic policies on Bitcoin</h2> 
<p>Beyond the internal dynamics of crypto, the global macroeconomic environment plays a crucial role in Bitcoin’s current trajectory. The U.S. Federal Reserve (Fed), with its monetary policies and potential decision to cut interest rates in September, could have a considerable impact. A short-term rebound in Bitcoin could be triggered by a rate cut. However, this effect would be short-lived if market confidence does not strengthen.</p> 
<p>While some predict that lowering interest rates could even lead to a further drop in Bitcoin by nearly 20%, the prospect of a rapid recovery seems to be fading. The waiting strategy imposed by economic uncertainty and lack of clear direction from regulators exacerbates market volatility.</p>  
<p>In summary, the combination of weak market dynamics and an unpredictable macroeconomic environment imposes a period of wait and caution on investors. While the appeal of <a href="https://www.cointribune.com/en/bitcoin-blows-gold-away-a-new-safe-haven/'or%20pris%20%C3%A0%20revers%20par%20le%20tsunami%20Bitcoin&amp;text=D'autant%20que%20sa%20valeur,ici%202026%20selon%20les%20analystes%20!" target="_blank" rel="noreferrer noopener">Bitcoin as a safe haven</a> remains intact for some, others are beginning to doubt its ability to withstand global economic shocks without clear direction.</p>

Bitcoin: The 2024 Halving Did Not Have The Expected Effect

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