Bitcoin Hits $103,990 as Halvings Drive Supply Scarcity

Bitcoin has surged past the $103,990 mark, marking a significant milestone amidst halving events that have shaped its supply and scarcity. The reduction in block rewards has led to declining miner profitability but also strengthened Bitcoin’s deflationary nature, driving a shift towards transaction fees as a primary source of revenue for miners. As we move closer to the next halving event scheduled for April 2028, market analysts remain keen on how these turning points will impact the digital asset’s trajectory.