Bitcoin Halving News LIVE Updates: As the much-awaited 2024 Bitcoin halving event draws near, market sentiments are soaring clouds high, with the broader crypto industry even witnessing a substantial price rebound today, April 19. A plethora of events in tandem with the BTC halving event unfolded in the past 24 hours, primarily attributed to the paradigm shift this event presents itself with.
Significantly, Bitcoin’s price approached $65,000 just before the upcoming halving, with only about 100 blocks left. At the time of writing, the token was valued at $64,825, representing a 2.86% increase over the previous 24 hours.
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 typical market feeling suggests a rapid increase in value. But following the event, Bitcoin is expected to undergo an extended period of price stability before embarking on another significant upward trend in the future.
Interestingly enough, during a halving event, the Bitcoin block reward gets cut in half. This means it goes from 6.25 down to 3.125 rewards per block mined. Here’s what’s new in the crypto world:
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2024-04-19 15:37