Bitcoin (BTC) has had its days of wild swings since the beginning of this correction. However, the past few months have seen more sideways movement and less aggressive moves. To some, this might be a strong sign that Bitcoin (BTC)’s correction is over and that the price is consolidating before beginning a new cycle. However, to others this might be a warning that Bitcoin (BTC) is about to fall further in the months ahead.
Bitcoin (BTC) halvening has an interesting effect on market cycles as we have seen during the recent correction. The above chart for BTC/USD clearly demonstrates how Bitcoin (BTC) halvening has not just brought about the halvening of Bitcoin (BTC) mining rewards, but also the halvening of market cycles in a similar manner. The first period of correction shown on the chart ranges between November 2013 and February 2015. This correction lasted a period of 441 days.
It looks like we have an influx of Dogecoin news as of late, but that might have something to do with their very active community, and the fact so many people want to use DOGE for their projects. This article has nothing to do with either though, but it is all about Dogecoin’s recent block reward halving. Such celebrate!
Most of us cryptocurrency enthusiasts know there are a ton of Dogecoin in circulation, and there is no official supply cap in place. While this may be reason for concern to some, the general Dogecoin community isn’t worried about this fact, nor should they be in my opinion. But there are certain technical aspects in place to reduce the influx of DOGE coins over time.