😐 Why is there no $100K for BTC after halving?

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Bitcoin's Post-Halving Blues The worst post-halving performance of Bitcoin after April has disrupted the usual four-year cycle. Experts now caution investors against relying on this pattern. Unlike past halvings, where Bitcoin gained significantly (739% in 2012, 10% in 2016, and 22% in 2020), the cryptocurrency is  down 8% 130 days after the April event . Since 2016, the halving's fundamental impact has faded as the asset matures, though it still holds psychological significance for investors. More analytics to explore Top Gainers and Biggest Losers Over the past two weeks,  Nervos Network (CKB), Fantom (FTM), and Mantra (OM)  stood out as the top gainers among the top 100 cryptos, posting solid growth. On the other hand,  Maker (MKR) and Notcoin (NOT)  were the biggest losers, each dropping around 8–9% in value during the same period. Nervos Network CKB $0.0089 ▴ 87.02% Get CKB Fantom FTM $0.49 ▴ 16.19% Get FTM Mantra OM $1.02 ▴ 18.47% Get OM Wondering what are the  best & worst performing crypto  on a daily basis? Subscribe to our price alerts here. What Is Pushing the Market? DOGS held the largest meme TGE in crypto history, distributing tokens to 17 million users. With 4.5 million unique owners,  DOGS sparked a surge in activity on the TON network . By the way, DOGS is already available on Changelly: click here to swap. After nine days of outflows,  spot Bitcoin ETFs saw a turnaround on Sep 9 . Institutional holders of these ETFs now exceed 1,000, with Bloomberg predicting further growth in large investor participation. Since August, USDT holdings on exchanges have surged, often seen as a sign of funds  waiting to buy —potentially boosting prices. Ethereum has dropped over 31% since the launch of ETH ETFs on July 23, 2024. This decline is likely driven  by speculative factors rather than macroeconomic reasons . The debt-based nature of Ethereum's ecosystem, which mimics traditional finance, may have triggered market panic and added pressure on ETH's price. The Fear & Greed index at 37 reveals a market gripped by uncertainty. Investors are cautious, hence lower trading volumes and  reserved strategies as they await clearer signals . Some see this as a buying opportunity, while others remain hesitant. Buy the dips Analysts at Bernstein predict  Bitcoin could hit $90,000 by year's end  if Donald Trump wins the US election, thanks to his pro-crypto stance. If Kamala Harris wins, they expect Bitcoin to drop to $30,000–40,000.  Ethereum reaching its $4,878 high by year-end  is "possible but highly unlikely," says Derive founder Nick Forster, citing weak ETF performance and lack of a strong narrative. He gives it a 10% chance, dependent on Trump winning, Fed rate cuts, and increased global liquidity. Take a look into the future Have you enjoyed this letter? © Changelly 2015—2024 Get access to mobile-only rates Download the app to get exclusive benefits: Download About  |  Privacy Policy Manage Subscription Any information provided in this email does not constitute investment advice or investment recommendation nor does it constitute an offer to buy or sell or a solicitation of an offer to buy or sell digital assets or other financial instruments described in this email. In particular, this information should not be used as a substitute for suitable investment and product-related advice. Unless expressly stated otherwise, all pricing information is non-binding. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information in this email before making any decisions based on such information.