"To get a clear picture of the market's response to previous Bitcoin halvings, we must separate the effects of liquidity, interest rates, and the movement of the US dollar," analyst David Duong writes.

According to the report, the block reward halving is often regarded favorably because it increases Bitcoin's "future scarcity" and supports its supply and demand dynamics. At the time of the Bitcoin halving, the incentive will be reduced in half.

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The report notes that since only three halving incidents have been recorded in the past, there is limited evidence of how the market will react. Given that these events are "tainted by factors such as global liquidity measures," it is challenging to discern a distinct pattern.

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As the next halving is still nine to ten months away, it is uncertain what the net effect on Bitcoin price action will be. It is.

JPMorgan, a colossus of Wall Street, predicts that demand for the largest crypto asset will remain robust before the event.

Coinbase (COIN) has announced that it will cease operations in Japan, citing "market conditions" and verifying earlier rumors that it would leave the country.
Coinbase announced on Wednesday that customers have until February 16 to withdraw their fiat and cryptocurrency holdings from the exchange. On Friday, Fiat deposits will be discontinued.
Coinbase entered the Japanese market in June 2021 after registering with the nation's Financial Services Agency. The exchange is following in the footsteps of Kraken, a rival exchange that ceased operations in Japan at the end of 2017.

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In late 2022, as a result of the demise of FTX, crypto firms have been adjusting their business models to account for the worsening crypto winter. As part of its restructuring, Coinbase announced last week that it will lay off approximately 20% of its workforce, or 950 employees.
During premarket trading, shares of Coinbase fell 1.6% to $53.27. The stock has increased by 56% since the beginning of the year, after falling by more than 80% in the prior year.