As stated in Bloomberg, we are stepping into a post-halving consolidation phase that will precede Bitcoin's return to its all-time high.

In a recent analysis by Bloomberg Intelligence, cryptocurrency expert Jamie Coutts pointed out that the 'halving crunch' for Bitcoin miners has indeed finished. He mentioned that we're now in a phase of consolidation following the halving, which could take some time to navigate before Bitcoin can achieve its highest historical price again.

In the previous cycle, Bitcoin miners Approximately six months post-halving, certain cryptocurrencies managed to outperform Bitcoin itself. This surge was relatively short-lived, lasting around three to four months, and wasn't consistent across the board. By examining both equal-weighted and market-capitalization-weighted metrics from the cycle in 2020, it’s evident that larger capitalization assets doubled Bitcoin's performance during that brief period.

Coutts also noted a prevailing trend in the current cycle, where larger-capitalization cryptocurrencies continue to show year-over-year growth, whereas smaller ones are facing downtrends. The overall field seems to be consolidating, and this emerging relative strength holds a significant implication. When the market inevitably begins its ascent again, it might be wiser to consider the leading companies instead of those lagging behind.

April’s Bitcoin halving This pivotal event in Bitcoin, which halved mining rewards from 6.25 BTC down to 3.125 BTC as originally designed, posed unique challenges for miners striving to cover their operational expenses. Recently, both mining rewards and transaction fees—two critical income sources for miners—have seen a notable decline.

Bitcoin has surpassed the $64,000 mark, gaining more than 4.5% within the last 24 hours, based on data from CoinMarketCap. This uptick corresponds with a rise in key stock markets, following the release of recent U.S. Consumer Price Index (CPI) figures, which showed an annual increase of 3.4%, slightly below March’s 3.5% rise.

Currently, Bitcoin There was a notable boost in stock futures after the latest CPI report indicated that inflation levels were aligning with economists' forecasts. In early trading, the Nasdaq Composite rose by 0.81%, while the NYSE Composite experienced a 0.48% increase.

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