Apr 10, 2024

Data from Kaiko shows that the short-term impact of previous halvings on bitcoin prices has been mixed, but long-term has been bullish with bitcoin returns ranging from 292% to over 8000% 12 months after the event.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Well, the next Bitcoin having be a sell the news event with the fourth having expected to happen soon, Ko took a look at the past three Hs to analyze price action. The chart shows us that short term impact has been mixed but long term has been bullish with Bitcoin returns ranging from 292% to over 8000%. 12 months after the event research for notes that a sample size of three is not necessarily large enough to be conclusive and that this time around other bullish industry events may have contributed to gains as of 9:30 a.m. eastern time. The price of Bitcoin is at $67,660 down more than 4% on the day. That's it for chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.

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