Bitcoin holders are celebrating one year since the 2024 Bitcoin halving by praising BTC’s resilience amid a global trade war and suggesting an accelerated market cycle due to a growing institutional presence.

The 2024 Bitcoin halving reduced block rewards from 6.25 Bitcoin (BTC) to 3.125 BTC, slashing new BTC issuance in half.

Despite rising concerns over a global trade war and escalating tariff tensions between the United States and China, BTC has climbed more than 33% since April 2024, Cointelegraph Markets Pro data shows.

BTC/USD, 1-year chart. Source: Cointelegraph Markets Pro

“So, even though Bitcoin’s showing resilience, I think the mix of past experiences, economic uncertainty, and this selling pressure is keeping investors on the sidelines, waiting for a stronger green light before they jump in,” said Enmanuel Cardozo, a market analyst at asset tokenization platform Brickken.

Cardozo added that institutional investment from firms such as Strategy and Tether could speed up Bitcoin’s traditional four-year halving cycle. He added:

“For the 2024 halving in May, that puts the bottom around Q3 this year and a peak mid-2026, but I think we might see things move it a bit sooner because the market’s more mature now with more liquidity.”

However, Bitcoin’s trajectory remains tied to broader monetary policy, the analyst added. He said a US Federal Reserve rate cut in May or June may “pump more money into the system and push Bitcoin up faster.”

The halving is a built-in feature of the Bitcoin network that assures Bitcoin’s scarcity, which is considered one of BTC’s defining monetary characteristics.

Related: Crypto, stocks enter ‘new phase of trade war’ as US-China tensions rise

ETFs and institutions fuel faster cycle

Institutional adoption and Bitcoin exchange-traded funds (ETFs) may be contributing to a shorter market cycle, according to Vugar Usi Zade, chief operating officer at Bitget exchange.

Continued institutional buying, including by Bitcoin ETFs, paired with Bitcoin’s rising scarcity, may accelerate Bitcoin’s rise to new highs, he told Cointelegraph.

“With growing scarcity triggered by the halving, Bitcoin will likely retest its all-time high if it breaches the $90,000 mark in the coming weeks,” Usi Zade said. “While the halving offers a good basis for growth based on demand and scarcity, the timeline for impact on price can vary over time.”

He noted that Bitcoin’s growth remains closely tied to traditional financial markets and investor sentiment.

Related: Bitcoin speculative appetite declines as investors seek safety

Bitcoin reached a new all-time high above $109,000 on Jan. 20, 273 days after the 2024 Bitcoin halving, signaling an accelerated market cycle.

Source: Jelle

In comparison, it took Bitcoin 546 days to reach an all-time high after the 2021 halving, and 518 days after the 2017 halving, according to data shared by popular crypto trader Jelle, in an April 8 X post.

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Bitcoin (BTC) tapped 3-day lows into the April 20 weekly close as analysis warned of a fresh liquidity grab next.BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Analysis sees Bitcoin crossing $83,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping 1.5% to $83,974 on the day before rebounding.

Still broadly less volatile over the weekend, Bitcoin sought to stem the week’s downside as doubts appeared over the strength of nearby support.

Investigating the current liquidity setup across exchange order books, popular analyst Mark Cullen was particularly skeptical of $83,000.

“Bitcoin 90k liquidity still calling. BUT, i think the 83k level isn’t safe, those lows from last Sunday and Wednesday are likely to get run first,” he summarized on X. 

“THEN we wait for the reaction and bullish structure to build back inside the range low.”Bitcoin order book liquidity chart. Source: Mark Cullen/X

Cullen and others nonetheless saw a short-term BTC price range between $83,000 and $86,000 staying in place over the Easter holiday weekend.

#Bitcoin Range Bound

The long easter weekend is likely yo see $BTC play out a range between83k and 86k. With it al ready sweeping the highs of the range late last week, IMO we are going to see liquidity sought from the lows before continuation higher.#Crypto #BTC https://t.co/iNllx4LexJ pic.twitter.com/6zx5gXZx79

— AlphaBTC (@mark_cullen) April 20, 2025

“Pretty slow market during this long weekend as expected. I think next week will get interesting as the charts are quite compressed. Any decent good/bad headline could spark a pretty large move I think. Even if its just from positions getting squeezed,” popular trader Daan Crypto Trades continued. 

“Generally those moves are not one you want to be fading when it occurs. $83K-$86K is the range to watch in the short term.”BTC/USDT 15-minute chart with CME futures data. Source: Daan Crypto Trades/X

An accompanying chart showed BTC price action relative to the latest closing point of CME Group’s Bitcoin futures, potentially inviting the creation of a “gap” that could provide a short-term price magnet.

Fellow trader Roman meanwhile eyed what could become a return to multimonth lows as part of a bullish inverse head and shoulders reversal pattern.

“If volume is decreasing on the way to 76k, I’ll take longs,” he told X followers.

Confidence increases over BTC price breakout

Updating readers on the daily chart, popular trader and analyst Rekt Capital had good news.

Related: Bitcoin can reach $138K in 3 months as macro odds see BTC price upside

Bitcoin, he confirmed, had definitively broken out of a multimonth downtrend without violating it during retests as support.

“Bitcoin hasn’t just broken the Downtrend and successfully retested it as support for the first time since Downtrend formation,” he wrote.

“But Bitcoin has also been able to sustainably maintain above the Downtrend for a period of several consecutive days now.”BTC/USD 1-day chart. Source: Source: Rekt Capital/X

As Cointelegraph reported, the fate of the downtrend had been on the radar for weeks, with not everyone agreeing that price had left it behind for good.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Dogecoin holders worldwide celebrate “Dogeday” on April 20, as the memecoin’s community awaits upcoming deadlines for Dogecoin-related exchange-traded fund (ETF) applications.

Dogeday marks the unofficial holiday of the Dogecoin (DOGE) community. It gained traction in the memecoin community four years ago, in 2021, during International Weed Day on April 20.

Source: Bitget

Despite its reputation as a joke token, Dogecoin remains the eighth-largest cryptocurrency by market capitalization, currently valued at $23.3 billion, according to CoinMarketCap.

Dogecoin’s tokenomics have often been criticized for issuing 14.4 million worth of new DOGE into circulation per day, giving it a daily inflation rate of over $2.16 million.

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Top 10 cryptocurrencies by market capitalization. Source: CoinMarketCap

Dogecoin’s staying power “stems from a blend of community-driven enthusiasm, low entry barriers, and speculative appeal,” according to Anndy Lian, author and intergovernmental blockchain expert.

Dogecoin’s inflationary tokenomics may also contribute to its retail appeal, Lian told Cointelegraph, adding:

“Unlike Bitcoin or Ethereum, Dogecoin’s inflationary supply — adding roughly 5 billion coins annually — keeps prices accessible, typically under $1, making it psychologically appealing for retail investors.”

“The retail appeal is amplified by Dogecoin’s meme-driven branding, which resonates with younger, internet-savvy investors,” explained Lian.

Related: Solana, XRP ETFs may attract billions in new investment — JPMorgan

Memecoins like Dogecoin lack underlying blockchain use cases and typically rally based on social media traction and retail hype alone.

In November 2024, Dogecoin surpassed Porsche’s market capitalization, driven by continued social media endorsements by billionaire Elon Musk.

Dogecoin community awaits DOGE ETFs deadline in May

The Dogecoin community is closely watching the US Securities and Exchange Commission as it weighs several DOGE-related ETF applications.

There are four Dogecoin ETF filings awaiting approval: the Bitwise Dogecoin ETF, the Grayscale Dogecoin ETF, the 21Shares Dogecoin ETF and the Osprey Fund Dogecoin ETF.

Grayscale’s ETF application is due for a response on May 21 after the SEC delayed its decision on multiple crypto ETF filings.

The SEC has delayed deciding to approve several altcoin ETFs. Source: SEC

Bitwise’s filing could receive a response on May 18, which marks the end of the SEC’s 75-day initial review period after the 19b-4 filing. However, the 240-day review period could enable the regulator to delay the decision until October 2024 for both filings.

The ETF applications from 21Shares and Osprey are still pending review for their initial 19b-4 filings, with no set deadline from the securities regulator.

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