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Today is a very important day for the cryptocurrency community. Because Bitcoin (BTC), the largest cryptocurrency by volume, halving will take place. Miners’ incomes will therefore drop by
Today is a very important day for the cryptocurrency community. Because Bitcoin (BTC), the largest cryptocurrency by volume, halving will take place. Miners’ incomes will therefore drop by half. Given past events, cryptocurrency investors are concerned about this situation. expectations high.
Bitcoin halving has also occurred in 2012, 2016 and 2020 so far. This incident occurs every 210,000 blocks. According to the Binance counter this evening around 2:15 am It will happen. So for the Bitcoin network a brand new era will have started.
Bitcoin (BTC) price before the first halving on November 28, 2012 12 dollars traded at levels. About six months after the first halving, levels of $130 were observed. The second halving, which took place on July 9, 2016, pushed the price from $660 above $900. The last halving, which took place on May 11, 2020, increased the BTC price. within 6 months He increased it from $8,600 to $15,700.
But these are not the only ones. For example, the Bitcoin halving in May 2020, after that a very big bull season let it happen. In this context; BTC price rose to 69 thousand dollars. If this is the case, cryptocurrency investors will also participate in this halving. They believe they will make a lot of money.
Past halving events impacted the BTC price reflected positively. However, this does not mean that every halving will be reflected in the price in the same way. The only thing the price of TC and other crypto assets depends on is halve not.
To give a simple example; Middle EastThere is serious confusion in . In particular, the tension between Israel and Iran has caused serious blood loss in the cryptocurrency markets. causes. Ultimately, the value of something depends on how much money is invested in it, and during extreme events such as war, investors do not prefer to keep their money in the stock market.
If you’re a cryptocurrency investor, don’t pin your hopes solely on the halving. Manage risks well and Don’t invest money you can’t risk.. Otherwise you could lose all your money.
*This content should not be considered investment advice.
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Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
