It should be noted that the situation in the cryptocurrency market is rather uncertain right now, which is primarily influenced by developments in the economy. The key topic in recent weeks was the prospect of default on the U.S. national debt, which in theory would be a disaster for the global economy. Problems could be solved by raising the debt ceiling, i.e. increasing government spending. At least it has happened before.

In the meantime investors are behaving unpredictably. In particular, on Thursday, May 25, bitcoins equivalent to 400 million dollars were withdrawn from cryptocurrency exchanges, which was the second largest withdrawal in the last year.

What’s particularly notable here is that 300 million of that amount went to one major investor. He withdrew his own assets from the popular trading platform Huobi.

What will happen to the Bitcoin exchange rate?

Here’s a quote from a fresh bank report published by The Block. In it, experts substantiate their own theory in detail.

With the price of gold rising above $2,000, the capitalisation of the precious metal held for investment purposes outside central banks is now estimated at around $3 trillion. This in turn hints at a Bitcoin price of $45,000, assuming BTC equals gold in terms of capital share or risk in private investors’ portfolios.

That is, experts believe that if investors begin to perceive BTC at the level of gold and actively invest in the cryptocurrency, its fair value will be just this price point.

The second important factor of BTC’s growth is the cost of mining one coin. According to bank analysts’ estimates, the cost of getting 1 BTC by miners after halving it next year will go up at least twice to $40K. That limit has traditionally served as a long-term bottom for Bitcoin’s price in its global trends.

Analysts continue.

Indeed, previous halvings in 2016 and 2020 were accompanied by a bull run for the Bitcoin price. The dynamics of the cryptocurrency’s value only increase after a halving.

As a reminder, a Bitcoin halving is an event that occurs approximately every four years or every 210,000 blocks. During the event, miners’ remuneration for mining new BTC blocks is halved, which noticeably reduces the cryptocurrency’s inflation and somehow keeps it scarce in the context of the coins being created. As a result of the next halving, the remuneration per Bitcoin block will drop from 6.25 BTC to 3.125 BTC.

Earlier, ChatGPT was asked about the prospects of the impact of halving. The artificial intelligence drew the intermediate conclusion that halving actually has a positive effect on the first cryptocurrency’s exchange rate and investor sentiment. So the coming event is worth taking responsibly.

Bitcoin currently has an annual inflation rate of 1.74 per cent. Accordingly, the figure will halve next spring after the halving.

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Etherium, on the other hand, could still face pressure from sellers in the near future. It’s all about the spring blockchain update called Shanghai, which allowed coins to be withdrawn from stacking. Although, as events in recent weeks after the activation of the relevant update show, this event is unlikely to have a serious impact on the ETH exchange rate in the long term.

We have clarified the latest data: there is currently 21.43 million ETH in the Ethereum network stacking, which is what secures this blockchain. As you can tell from the volume of deposits (turquoise), users are actively sending ETH into work for a certain percentage of yield. For example, in the last 24 hours, almost 133 thousand ethers were sent to staking and 23 thousand coins were withdrawn.

Overall, the market is at a point of uncertainty at the moment. The bullish trend stopped after Bitcoin failed to consolidate above the $30,000 line, due to which the crypto is now moving in a horizontal channel without a clear direction. This cannot last for long, so sooner or later BTC will show the way for all altcoins over the next few months.


We believe that the growth outlook for Bitcoin and the digital asset market as a whole is a matter of time. What has been happening in the economy in recent weeks clearly shows that bankers can be wrong and are generally facing inflation. Therefore, linking with decentralised digital assets now does not seem as irrational as it did a year ago, for example. In time, more and more people will start to realise this.