Cryptocurrency worth cycles have typically revolved round Bitcoin’s “halving” occasions, which happen roughly each 4 years. All through historical past, Bitcoin and different digital belongings are inclined to expertise worth surges within the 12 to 18 months main as much as and following these occasions.
With the most recent halving now about six months behind us, the market might stay in an upward trajectory for one more 6 to 12 months if previous patterns maintain true, in response to analysts at Piper Sandler.
Analysts additionally mentioned the potential influence of Bitcoin halving cycles on Robinhood Markets (NASDAQ:), suggesting that the crypto and inventory alternate might expertise elevated retail engagement and transaction volumes.
Analysts see the inventory as a “good option to play this crypto bull market,” citing its “vital runway to scale its crypto operations alongside an already established money fairness & choices brokerage enterprise.”
Prior to now week, Robinhood expanded its cryptocurrency choices by relisting Solana (SOL), Cardano (ADA), and Ripple’s XRP token, alongside the introduction of the memecoin PEPE.
These tokens, apart from PEPE, had been beforehand delisted because of SEC lawsuits however have now returned to Robinhood’s buying and selling platform. This transfer to boost its crypto choices is a part of Robinhood’s technique to capitalize on the present bull market in cryptocurrencies.
Within the final two Bitcoin halving cycles, crypto costs surged considerably and didn’t peak till nicely over a 12 months post-halving. As of Friday, November 15, Bitcoin was solely 210 days post-halving and had risen 43% above the earlier cycle’s peak worth.
Analysts establish a number of elements that would help the continued demand and adoption of cryptocurrencies, together with a doubtlessly extra favorable regulatory setting and hypothesis in regards to the US establishing a Bitcoin reserve.
For Robinhood, analysts undertaking that the platform might see roughly a 40% sequential enhance in its crypto volumes within the first half of 2025 in comparison with the second half of 2024. This forecast is predicated on the idea that the present Bitcoin cycle will mirror earlier ones.
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