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Bitcoin will soon be ‘halved’—what that means for its price

From cnbc.com

Bitcoin’s price has surged 36% since spot bitcoin ETFs were approved on Jan. 10. As of Thursday morning, its price was around $62,460. But an upcoming event known as halving could that push price growth further. Halving happens automatically when 210,000 “blocks” are created as part of the bitcoin mining process. This happens approximately every four years, and it discourages coin production by reducing the reward for mining new bitcoin by half. The last halving event was in 2020, and the next one is expected sometime in April. Halving is meant to slow the supply of coins as it approaches its total supply, which is ... (full story)

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  • Category: Fundamental Analysis