Key on-chain metrics suggest a higher baseline for Bitcoin price now that the halving is complete.
Analyst and founder of the Capriole Investments fund Charles Edwards said multiple on-chain metrics suggest that Bitcoin and other cryptocurrencies have “a lot further to run” in this bull market.
In his latest newsletter, Edwards explained that transaction fees from the recent Runes launch and other long-term metrics after the Bitcoin halving suggest “higher baseline Bitcoin (BTC) prices.
Bitcoin’s fourth halving resulted in a 50% drop in the digital asset’s supply growth rate, surpassing gold in terms of inflation rate.
