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Back then, it was worth approximately $8,000, and now it is trading above $62,000, while it was trading close to the $71,000 level on Friday. Admitting that Bitcoin crashed, Pomp added that it was not only BTC but also gold and all other financial markets since the major negative geopolitical development in the Middle East. Investors began selling everything to get U.S. dollars, Pompliano explained, and so they sold Bitcoin, along with gold, stocks and bonds.
During the previous halving in 2020, Bitcoin block rewards were automatically reduced from 12.5 BTC to 6.25 BTC for miners. During the approachingthat is due in just a couple of days, miners will see this figure drop to 3.125 BTC per each new block they generate.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.
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