Live Updates on Bitcoin Halving News: The highly anticipated Bitcoin halving event in 2024 is approaching, causing excitement and optimism in the crypto market. Yesterday, April 19, saw a significant price increase across the industry, likely due to the unique implications of this event. Several related developments took place over the past day.
Significantly, Bitcoin’s price approached $65,000, with only about 100 blocks left until the next BTC halving event. At that moment, the token was valued at $64,825, marking a 2.86% increase over the previous day.
It’s worth noting that Bitcoin slipped below the $60K mark today, resulting primarily from geopolitical tensions between Iran and Israel. However, with the halving frenzy weighing in, Bitcoin embarked upon a prompt upward momentum, garnering significant investor optimism on the token.
After Bitcoin’s halving, the common perception is that its price will experience a sharp upward trend. But it’s likely that Bitcoin will go through a prolonged period of sideways movement or consolidation right after the halving. In the end, though, a parabolic uptrend is expected to take place over a longer timeframe.
Fascinatingly, during a halving event, the Bitcoin reward for each mined block is reduced by half. This means that the current reward of 6.25 bitcoins per block will decrease to 3.125 bitcoins. Here are some recent developments in the industry:
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2024-04-19 15:03