Bitcoin being bounced off from The beginning of April is a lullwhich rose above $69,000 as a network high on Thursday. Expected halving event It is expected to take place in the next few weeks.
of bitcoin price Up 5% in the past 24 hours, the current price is $69,139, indicating that the leading cryptocurrency (based on market cap) has fallen below the $70,000 level, reaching almost $65,000 on Tuesday and then rising on Thursday. It reversed a three-day trend.
of Bitcoin halving is a quadrennial network event that reduces the amount of BTC that miners receive as a reward for successfully generating a new block. This is intended to limit the growth in circulating supply and reduce inflation, and is usually tied to an increase in asset prices.
Looking ahead to the next expected halving will be held on April 20th, the price of Bitcoin skyrocketed in March, hitting an all-time high of $73,737, rising several times during the month and gradually increasing in price. Bitcoin’s long-term all-time high was set in November 2021 at around $69,000.
Estimated dates for the halving have fluctuated in recent weeks as the event is pegged to a specific network block and Bitcoin activity and demand help determine how quickly the network reaches that point. I am. It is currently scheduled for April 20th or April 20th. Featured Meme Number Well in line with the current price and has another feature of its own major meme number.
Bitcoin's recent rally has unsurprisingly triggered similar movements across the market, with Bitcoin broadly up 4% on the day, according to the data. CoinGecko. Ethereum (ETH) is up nearly 4% today to $3,415. dogecoin (DOGE) soared 6% to $0.186. binance coin (BNB) rose 8% to $597, making it the biggest gainer among the top 10 coins.
Among the top 100 cryptocurrencies by market capitalization, two of the biggest risers are also tied to Bitcoin. oldithe BRC-20 token is bitcoin ordinal protocolwhich has risen nearly 15% on the day and is currently priced at over $64. bitcoin cash—Forked from Bitcoin — up about 12% to $644 Following its own halving event this week.
The views and opinions expressed by the authors are for informational purposes only and do not constitute financial, investment, or other advice.