NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

Bitcoin Exits Third Ever Halving Event with Incredibly Strong Fundamentals

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has officially seen its third-ever mining rewards halving event. This event – slated to occur every four years – reduces the block rewards by 50% in order to that the asset is deflationary.

The short-term bullishness of this event is widely debated.

Some analysts believe that the lower profitability seen amongst miners will lead them to stop selling their newly minted BTC until the crypto’s price climbs higher.

This would alleviate a significant amount of selling pressure that the crypto constantly faces.

Fundamental data shows that BTC is now exiting the event in a great position, and this data is making a compelling case for the crypto to see some immense bullishness in the weeks, months, and even years ahead.

Bitcoin Sees Tremendous Network Growth in Time Since Last Halving

It has been four years since the benchmark cryptocurrency’s last halving event, and the growth it has seen in the time following has been quite significant.

This is clearly elucidated while looking towards Bitcoin’s network growth, which just recently passed a major milestone when the 30 millionth wallet address was issued.

Rafael Schultze-Kraft – the co-founder of blockchain research platform Glassnode – spoke about the crypto’s fundamental strength in a recent tweet thread, explaining that the number of BTC wallet addresses has increased by 234% since the 2016 mining rewards halving.

“The number of Bitcoin addresses is steadily increasing and currently at ATH. It recently crossed the milestone of 30 million addresses. That’s an increase of +234% since the last halving four years ago,” he noted while referencing data from Glassnode.

Bitcoin
Image Courtesy of Glassnode

He further goes on to explain that the pace that the wallet address count has grown has been staggering, with the daily number of newly issued addresses climbing by 68% over the past four years.

“Not only is the network increasing, but so is the pace it which it grows. The current growth rate (daily number of addresses added to the Bitcoin network) is over 68% higher than compared to last halving four years ago.”

Whales Accumulate as Long-Term Outlook Grows Bright

Retail investors aren’t the only ones who have been flocking to Bitcoin in recent times.

Data from Glassnode also shows that the number of so-called “whales” has also grown significantly in recent times.

This is a sign that big money is being drawn into BTC as its mid and long-term outlook brightens.

“Both the number of Bitcoin addresses and entities holding ≥ 1,000 BTC are well on their way to reach new ATHs in 2020. Even though the increase since the last halving is not significant, it’s important to note that the USD value they hold is more than 10x higher,” Schultze-Kraft noted.

Bitcoin
Image Courtesy of Glassnode

As small and large investors alike flock to Bitcoin, it is growing ever more likely that the cryptocurrency will soon begin bearing the fruits of the immense fundamental growth seen throughout the past several years.

Featured image from Unplash.
Tweet123Share215ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

SEC pakt Chinese pump and dump schemes aan - gevolgen voor crypto markt

SEC pakt Chinese pump and dump schemes aan – gevolgen voor crypto markt

De Amerikaanse SEC richt zich op bedrijven die gelinkt zijn aan Chinese pump and dump schemes. Deze actie raakt direct...

Lars Diederiksen 2 hours ago
Asset Entities Merges with Strive to Form $1.5B Bitcoin Treasury – Why Bitcoin Hyper Could Soar Next

Asset Entities Merges with Strive to Form $1.5B Bitcoin Treasury – Why Bitcoin Hyper Could Soar Next

Asset Entities shareholders have approved a merger with Bitcoin asset management company Strive Enterprises to create a new enterprise named...

Aaron Walker 3 hours ago
SUI

SUI At A Crossroads, Can It Break $3.52 And Ignite The Next Surge?

SUI is currently poised at a pivotal crossroads, with its price action revolving around the key resistance level of $3.52....

Godspower Owie 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H

Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H

Sebastian Villafuerte 21 minutes ago
Dogecoin vystrelil o 14 % dogecoin ETF

Dogecoin vystrelil o 14 % po správe o prvých ETF. Meme coiny vstupujú do novej éry

Nina Šefčíková 2 hours ago
биткоин и давление

Bitcoin балансирует между $110K и $113K

daria 2 hours ago

Premium Sponsors

Press Releases

  • Primul Meme Coin „Mine-to-Earn” PepeNode strânge 4,2 milioane RON în presale – 7 ore rămase în etapa de finanțare

    Primul Meme Coin „Mine-to-Earn” PepeNode strânge 4,2...

    26 minutes ago
  • Achizițiile instituționale de Bitcoin se usucă, în timp ce cel mai rapid Layer-2 pe Bitcoin, Bitcoin Hyper (HYPER), atinge 67,7 milioane RON în presale

    Achizițiile instituționale de Bitcoin se usucă, în timp...

    37 minutes ago
  • Prvá ťažiarska meme minca na zárobok PepeNode získala 900 000 USD v predpredaji – do konca fázy financovania zostáva 7 hodín

    Prvá ťažiarska meme minca na zárobok PepeNode získala...

    3 hours ago
  • ドージコイン 今後の価格予測:投資家はまだ億り人になれるのか?

    ドージコイン...

    3 hours ago
  • リップル 今後の価格予測:XRP ETF承認は間近か

    リップル 今後の価格予測:XRP...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.