Bitcoin

Bitcoin mining rewards are cut in half every time 210,000 blocks are added to the blockchain, which happens about once every four years.

The next Bitcoin halving event will occur in April 2024. Analysts believe that will lead to a substantial reduction in selling pressure because miners will see Bitcoin inflows fall by 50%, which means they will only have half as much cryptocurrency to sell.

Usually BTC pumps after the halving. Will this be the case this cycle or will there be a shocking change in the market? Anything is possible with crypto.

Posted using SoMee