The result of the VEC model and the significance of the coefficients demonstrate that the increase in Bitcoin interest, as measured by the number of searches for the keyword bitcoin (bitcoin crash), is followed by an increase (fall) of Bitcoin price. The bidirectional relationship exists and demonstrates that price Granger-causes the behavior of lnbtc and lncrash, intensifying the understanding that there is a speculative driver in Bitcoin’s transactions. Bitcoin day ICO Price (BTC)
The 2024 Halving is expected to reduce the block reward to approximately 3.125 Bitcoins per block. This reduction is part of Bitcoin's controlled supply mechanism, which aims to cap the total supply of Bitcoin at 21 million coins. It's worth noting that as the number of Bitcoins in circulation decreases and the demand remains constant or increases, the potential for upward price movement may also rise. However, market dynamics are influenced by various factors, and Bitcoin's price is subject to market sentiment, adoption, and external events. What kind of work are miners performing? Index highs and lows of price, total return net and total return gross indexes are displayed in real-time.