Bitcoin Halving Partially Priced In With No Big Rally Expected Afterward: Deutsche Bank

The geography of crypto miners is expected to shift following the halving to countries with lower energy costs, the bank said.reward halving, expected in the next couple of days, has already been partially priced in by the market and a large rally in the cryptocurrency is unlikely after it occurs, Deutsche Bank said in a research report on Thursday., a measure of the broader crypto market.

Deutsche Bank said it expects the geography of crypto mining to shift following the halving, as lower block rewards mean less profit, compelling miners to seek cheaper forms of energy.

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