Bitcoin’s 4-Year Halving Cycle May Be Dead

Glassnode data shows the 30-day average of the number of bitcoin minted currently stands at 900 BTC, worth $35 million – that’s just 0.14% of bitcoin’s 24-hour trading volume of $24.7 billion. The average stood at over 12,000 BTC 10 years ago, above 4,000 BTC between 2013 and 2016, and above 2,000 BTC before 2020.

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