Hello guys, I hope you doing well.
Market is booming currently, with over $ 2.80 trillion market cap, about 0.53 % change in last 24 hours and with that , a new event is approaching on April 23rd 2024 , known as "Bitcoin Halving". Its a pre-programmed code that's gonna cut the half of the miners reward , significantly reducing the supply of new Bitcoin entering in the market.
The increased price and the concept of scarcity is the core of the current market craze and Bitcoin halving .The future prediction and analysis by the analytics is that halving could lead the bitcoin to new high with better development.
Bitcoin Halving : Impact and Future
Last time the halving of Bitcoin conducted in 2020 the price of Bitcoin went from $5000 to $68000 in November. Bitcoin halving is a simple procedure to reduce the rate of coin generation in market cause we are limited to 21 million.
The Future of Bitcoin is also very crazy due to it's different factors in the market from SEC approvalto major bullish approach from firms like BlackRock (ETF), those some of the factors making this bull market even more crazy.
As of now, a conducted research is must before entering the Cryptocurrency market. Even after som many positive factors the price surge of Bitcoin is undeniable.
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