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Bitcoin's halving events are among the most influential occurrences in the cryptocurrency market. Scheduled every four years, these events have historically been catalysts for significant price surges. With the next halving expected in 2024, many believe it could pave the way for Bitcoin to finally reach the highly anticipated $100,000 mark. This article explores the mechanics of halving, its impact on Bitcoin’s price, and why 2024 might be the year that propels the cryptocurrency into six-figure territory. Understanding Bitcoin Halving Bitcoin halving is a programmed event that reduces the reward miners receive for validating transactions and securing the network. Why it happens: The halving is built into Bitcoin's code to control inflation and ensure that the total supply does not exceed 21 million coins. The reward reduction: Each halving cuts the block reward by 50%. In 2009, the reward was 50 BTC per block. After the 2024 halving, it will drop to 3.125 BTC. Scarcity effect: By decreasing the rate at which new Bitcoin enters circulation, halving events create a supply shock, often leading to increased prices as demand outpaces supply. Historical Impact of Halving Events Bitcoin has experienced three halving events so far (2012, 2016, and 2020), and each has been followed by significant price increases: 2012 Halving: Block reward reduced from 50 BTC to 25 BTC. Bitcoin's price surged from around $12 to $1,150 in the following year, marking a nearly 9,500% increase. 2016 Halving: Block reward reduced from 25 BTC to 12.5 BTC. Bitcoin rose from $650 at the time of halving to nearly $20,000 by the end of 2017, a 3,000% increase. 2020 Halving: Block reward reduced from 12.5 BTC to 6.25 BTC. Bitcoin’s price climbed from $9,000 to an all-time high of $69,000 in November 2021, delivering a 666% gain. Why the 2024 Halving Could Be Different While historical trends suggest that halving events lead to bull runs, the 2024 halving comes with unique factors that could amplify its impact: Increased Institutional Interest: Since the 2020 halving, institutional involvement in Bitcoin has grown significantly. The approval of Bitcoin ETFs, adoption by corporations, and increasing regulatory clarity could bring in billions of dollars, further driving demand. Heightened Scarcity: With only 3.125 BTC generated per block after the halving, Bitcoin's annual issuance rate will drop to approximately 0.8%, making it one of the scarcest assets in the world. This reduced supply is expected to intensify the supply-demand imbalance. Global Economic Conditions: Persistent inflation, fiat currency devaluation, and geopolitical tensions have heightened Bitcoin's appeal as a hedge against economic uncertainty. The next halving could act as a catalyst for this narrative, pushing prices higher. On-Chain Metrics Aligning: Key on-chain metrics, such as hash rate, long-term holder accumulation, and exchange outflows, indicate that the market is positioning for a supply shock. Projected Timeline for $100K Post-Halving If historical patterns hold, Bitcoin could see significant price increases within 12 to 18 months after the 2024 halving. Here's a potential timeline: Q2 2024: Halving event occurs, creating a supply shock. Prices may remain stable or rise modestly as the market absorbs the event. Q4 2024: Early signs of a bull market emerge as reduced supply begins to impact liquidity. 2025: Bitcoin potentially crosses $100,000 as heightened demand meets reduced supply. This aligns with the peak of previous cycles, typically occurring 12–18 months after halving. Challenges to Consider While the 2024 halving offers strong bullish potential, several challenges could delay or dampen Bitcoin's rise to $100K: Regulatory Uncertainty: Strict regulations in major markets could slow adoption and create short-term volatility. Macroeconomic Factors: A prolonged global recession or unexpected monetary policy shifts could suppress investor sentiment. Market Saturation: With Bitcoin now a more mature asset, percentage gains may be smaller compared to previous cycles. What Investors Should Do To capitalize on the potential post-halving rally, investors should: Accumulate Early: Buying before the halving could maximize returns as prices often rise leading up to the event. Monitor Metrics: Keep an eye on on-chain indicators, such as exchange balances and whale activity, for signs of a breakout. Diversify: While Bitcoin offers strong potential, a diversified portfolio can mitigate risks from unforeseen market events. The 2024 Bitcoin halving is poised to be a pivotal event, with the potential to drive the cryptocurrency’s price toward $100,000. By reducing new supply and intensifying scarcity, the halving aligns perfectly with Bitcoin’s deflationary narrative. Combined with growing adoption and favorable macroeconomic trends, this event could mark the beginning of a new era for Bitcoin. For investors, understanding the mechanics and implications of the halving is essential to navigating the opportunities and risks that lie ahead. $BTC (@Cryptosmith2✍️)

Here is the summary of the crypto market as of the NYSE close on November 26, 2024: 1. BTC/USDT and ETH/USDT Price Action: BTC/USDT: Bitcoin is trading around $91,159, reflecting a daily gain of 1.98%. The coin has shown bullish momentum over the week, up 4.82%, and remains in the consolidation zone below its recent peak of ~$99,800​ $BTC ETH/USDT: Ethereum is at approximately $3,307.70, with a modest daily increase of 0.10%. Over the last week, ETH rose 6.53%, and analysts suggest the potential for another upward wave if it breaks above key resistance levels​. $ETH 2. Forex News Impacting Crypto: The U.S. Dollar Index (DXY) showed marginal strength, which usually weighs on crypto prices, but risk-on sentiment following recent Federal Reserve comments appears to be supporting the crypto market's upward trend​. $DYDX 3. Top 5 Gainers and Losers (24-Hour Performance): Top Gainers: DASH: +18.5% NEXO: +17.2% ZIL: +15.8% THETA: +14.6% CRV: +13.4% Top Losers: APT: -12.3% RNDR: -10.8% ARB: -10.5% GMX: -9.7% MKR: -8.9% 4. Market Insights: Market Cap: The total crypto market cap remains steady above $2.2 trillion, showcasing resilience despite macroeconomic uncertainties. Trend Analysis: Both BTC and ETH are attempting to establish clear breakout patterns, indicating potential continuation of the bullish cycle.

Crypto Whale Spent $4.74 Million USDC to Buy 1.42 million Dogwifhat Tokens: Lookonchain A smart crypto investor has spent millions on purchasing Dogwifhat ($WIF ), according to data shared by Lookonchain today November 26 2024. This incredible story came to the limelight when Lookonchain identified the investor’s trading activity on the Solana blockchain. The on-chain analytics platform flagged a wallet named “sbfonchain.sol” spending $4.73 million USDC to purchase 1.42 million Dogwifhat tokens at $3.34 two hours ago. $WIF price boots after major listing The recent whale activity signals big investors’ interest in Dogwifhat. The creators launched Dogwifhat in 2023. So far, the meme coin’s market cap rose from zero last year to a current valuation of $3.35 billion. This has been one of the popular success stories of meme coins this year.

1.Solana ( $SOL ) Solana (SOL) has surged to $259.14, marking a 3,245% increase from its 2022 lows, with predictions targeting $7,000 due to a strong Cup and Handle pattern. Solana’s unmatched ecosystem, ultra-low fees ($0.00026), and record-breaking meme coin activity make it an unmissable contender, one of the top cryptocurrencies ahead of the crypto bull run. 2.Sui ( $SUI ) Sui (SUI) shows resilience, rebounding after a recent two-hour network outage with its price stabilizing at $3.57. Trading in an ascending channel, Sui might be primed for a breakout, with some even suggesting above $4. Sui’s transaction parallelization technology supports unparalleled speed and scalability, making Sui a standout blockchain and a top altcoin. 3. Dogecoin ( $DOGE ) Dogecoin (DOGE), currently trading at $0.3967, is showing bullish signals, with crypto analysts exploring near-term targets of $2 and possible long-term highs of $5. Known for its active community and minimal utility, Dogecoin rose to prominence as a means of micropayments to creators. Dogecoin is now the largest crypto coin in the meme coin category based on market capitalization size, and DOGE’s price almost doubled, rising by 98.4%, in the last 14 days. 4. Ethereum ( $ETH ), is the penultimate cryptocurrency by market capitalization rankings, and the largest altcoin according to this same metric. Ethereum ushered in a new era of Dapps and smart contract use cases in the previous bull run, and remains a top pick. Currently hovering at $3,362.71, Ethereum has demonstrated its enduring resilience as a crypto favorite for many, with its price climbing by 68% in the past 12 months. Third party bullish forecasts have placed ETH targets at $4,000 to $10,000, bolstered by $1.40 billion in whale activity. Over the past week, Ethereum has shown a consistent upward trajectory, surging from approximately $3,073 to a recent high of $3,395.77 after minor mid-week 5. Bitcoin ( $BTC ) Bitcoin (BTC) is the world’s most famous cryptocurrency and widely viewed as the first of its kind. Currently trading at $98,636.32, Bitcoin may be nearing the $100,000 milestone after a 11.67% weekly rise. Strong institutional activity, including $1.8 billion in Bitcoin ETF purchases, and a record-high hash rate, bolster Bitcoin’s bullish case. As the first cryptocurrency, BTC has remained a cornerstone of many past crypto bull runs. 6. Shiba Inu ( $SHIB ) Shiba Inu (SHIB) is a popular meme crypto coin. SHIB has surged 4% in a week, now trading at $0.00002484 and forming a bullish flag pattern, signaling a possible breakout. Recent moves of 1.6T SHIB off exchanges suggesting possible heightened on-chain activity. Shiba Inu’s expanding ecosystem further solidifies its place among the top cryptocurrencies. 7. Toncoin ( $TON ) Toncoin (TON) is the native coin of messaging app Telegram’s crypto ecosystem. TON is trading at $5.55 after a 4.54% 24-hour rally, driven by its recent listing on Bithumb, enabling direct KRW trades. Toncoin stands out due to its scalable blockchain and seamless dApp adoption, and has gained increased attention more recently in light of its large holder base. Bonk ( $BONK ) Bonk (BONK) is another top coin on many lists. BONK recently hit a new all-time high of $0.00005916, now at $0.0000517, following its Binance US listing, pushing its market cap to $3.88 billion. Known for its community-first approach, Bonk’s massive token burns and integration into Solana-based decentralized apps make it a standout. 1.Solana ( $SOL ) Solana (SOL) has surged to $259.14, marking a 3,245% increase from its 2022 lows, with predictions targeting $7,000 due to a strong Cup and Handle pattern. Solana’s unmatched ecosystem, ultra-low fees ($0.00026), and record-breaking meme coin activity make it an unmissable contender, one of the top cryptocurrencies ahead of the crypto bull run. 2.Sui ( $SUI ) Sui (SUI) shows resilience, rebounding after a recent two-hour network outage with its price stabilizing at $3.57. Trading in an ascending channel, Sui might be primed for a breakout, with some even suggesting above $4. Sui’s transaction parallelization technology supports unparalleled speed and scalability, making Sui a standout blockchain and a top altcoin. 3. Dogecoin ( $DOGE ) Dogecoin (DOGE), currently trading at $0.3967, is showing bullish signals, with crypto analysts exploring near-term targets of $2 and possible long-term highs of $5. Known for its active community and minimal utility, Dogecoin rose to prominence as a means of micropayments to creators. Dogecoin is now the largest crypto coin in the meme coin category based on market capitalization size, and DOGE’s price almost doubled, rising by 98.4%, in the last 14 days. 4. Ethereum ( $ETH ), is the penultimate cryptocurrency by market capitalization rankings, and the largest altcoin according to this same metric. Ethereum ushered in a new era of Dapps and smart contract use cases in the previous bull run, and remains a top pick. Currently hovering at $3,362.71, Ethereum has demonstrated its enduring resilience as a crypto favorite for many, with its price climbing by 68% in the past 12 months. Third party bullish forecasts have placed ETH targets at $4,000 to $10,000, bolstered by $1.40 billion in whale activity. Over the past week, Ethereum has shown a consistent upward trajectory, surging from approximately $3,073 to a recent high of $3,395.77 after minor mid-week 5. Bitcoin ( $BTC ) Bitcoin (BTC) is the world’s most famous cryptocurrency and widely viewed as the first of its kind. Currently trading at $98,636.32, Bitcoin may be nearing the $100,000 milestone after a 11.67% weekly rise. Strong institutional activity, including $1.8 billion in Bitcoin ETF purchases, and a record-high hash rate, bolster Bitcoin’s bullish case. As the first cryptocurrency, BTC has remained a cornerstone of many past crypto bull runs. 6. Shiba Inu ( $SHIB ) Shiba Inu (SHIB) is a popular meme crypto coin. SHIB has surged 4% in a week, now trading at $0.00002484 and forming a bullish flag pattern, signaling a possible breakout. Recent moves of 1.6T SHIB off exchanges suggesting possible heightened on-chain activity. Shiba Inu’s expanding ecosystem further solidifies its place among the top cryptocurrencies. 7. Toncoin ( $TON ) Toncoin (TON) is the native coin of messaging app Telegram’s crypto ecosystem. TON is trading at $5.55 after a 4.54% 24-hour rally, driven by its recent listing on Bithumb, enabling direct KRW trades. Toncoin stands out due to its scalable blockchain and seamless dApp adoption, and has gained increased attention more recently in light of its large holder base. Bonk ( $BONK ) Bonk (BONK) is another top coin on many lists. BONK recently hit a new all-time high of $0.00005916, now at $0.0000517, following its Binance US listing, pushing its market cap to $3.88 billion. Known for its community-first approach, Bonk’s massive token burns and integration into Solana-based decentralized apps make it a standout.

$BTC BTC once fell below $93,000, with a 24-hour drop of 5.1%. In the past 24 hours, the entire network has liquidated $553 million, including $415 million in long orders and $137 million in short orders. Solana fell 7.4%. Among the major tokens, only ETH rose 1.4% in 24 hours. $BTC