Odaily News Since Bitcoin completed its fourth halving in April 2024, the price of BTC has only risen by 43.4%, far lower than the 7,000%, 291%, and 541% increases recorded after the first three halvings, setting a record for Bitcoin's worst performance since the halving. Analysis points out that factors such as macroeconomic uncertainty, the Trump administration's trade policy, ETF fund outflows, and changes in market structure have jointly weakened the upward effect of the halving. In addition, as the Bitcoin market matures, price volatility has declined. Its 60-day volatility has dropped from 200% in 2012 to about 50% currently, indicating that the future may show a more stable but limited trend. (Decrypt)