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I think that we're close to the peak of this run, but I think we'll have another ATH test, perhaps even $75-80K pre-halving and then we're correcting., slated for 20 April 2024, has been a hot topic in the crypto world. Halving events, which occur approximately every four years or after 210,000 blocks are mined, drastically reduce the reward for mining new blocks by half.
Originally set at 50 BTC, the reward has been halved several times and currently stands at 6.25 BTC. After the upcoming Bitcoin halving, this reward will further diminish to 3.125 BTC, effectively reducing the rate at which new coins are introduced into the system. While the halving mechanism is designed to prevent inflation and prolong the mining life cycle, it also tends to spark significant price volatility and market anticipation. Historical patterns suggest that Bitcoin often experiences At present, Bitcoin trades at $70,114, marking a slight decrease of 1.15% over the past 24 hours. This comes alongside a notable dip in trading volume, down 23.66% to $34.06 billion, indicating a cautious market stance as investors and traders await the next move.
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