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In this article
Archival Analysis — July 10, 2024. This material pertains to the market situation as described in July 2024. The charts and scenarios from that time do not reflect current prices, today’s promotion, or any recommendation to buy or sell.
Bitcoin After the Halving: Context of the Initial Analysis
The original article described the decline in Bitcoin's price during the first week of July 2024. It compared the situation shown in the chart with a discussion of BTC supply, actions taken by German authorities, and payouts related to Mt. Gox.
These are the issues that were analyzed at that time. The mere fact that the declines occurred after the halving does not prove that the halving caused them. The market reacts to many factors, and determining their impact requires separate data.
Scenarios from July 2024
The initial analysis considered the possibility of a further decline to around $40,000–$42,000. This was a hypothetical scenario, not a certainty or a forecast for today. The article also cited Peter Schiff’s critical views on Bitcoin; the commentator’s opinion is not evidence of future price movements.
Exchange Rate Adjustment vs. Transaction Costs
A drop in the price of Bitcoin does not automatically mean a reduction in fees at Bitcoin ATM. The operator sets the exchange rate, fees, and terms of the exchange. Before accepting the offer, check the final amount, the supported network, verification requirements, and cash availability.
Bitcoin ATM.com is an aggregator of location-based information. It does not set exchange rates or process transactions. You can find up-to-date information about the device on the map at Bitcoin ATMs. You can read about how to distinguish between a market correction and a promotion in the guide on exchange rates and commissions.
Cryptocurrencies can fluctuate wildly in value. Purchasing them on a device, the ability to withdraw cash, or low fees do not guarantee the safety of your investment or a profit.
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