Bitcoin Milestone Recap: Halving Storm Reshapes the Market Landscape
In April 2024, Bitcoin underwent its fourth halving, reducing block rewards from 6.25 BTC to 3.125 BTC. This fundamentally altered the cost and revenue structure of mining. Although geopolitical tensions (such as Israel’s airstrike on Iran) pushed Bitcoin below $103,000 in June 2025, the scarcity-driven value logic brought by the halving continues to support long-term price growth.
Key Data:
In May 2025, total Bitcoin miner revenue reached $1.52 billion, a 28.8% increase from the previous month (according to The Block).
On June 13, Bitcoin stabilized in the $103,000–$105,000 range following panic-driven sell-offs, with institutional capital beginning to accumulate at lower levels.
Future Outlook: As hashrate centralization and the share of transaction fees increase, Bitcoin’s “inflation-resistant” characteristics will gain more market appeal.
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