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Bitcoin Halving Countdown: Why It May Not Guarantee Price Surge

From financemagnates.com

The Bitcoin halving, an important event written into the cryptocurrency's code, is two days away. This event, which occurs roughly every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency community is abuzz with anticipation ahead of the halving, especially given recent developments such as the approval of spot Bitcoin ETFs and improved crypto regulations. The 2024 halving is expected to have ripple effects throughout the entire financial system as retail investors gain exposure to Bitcoin through ETFs. This could result in increased crypto transactions, trading volume, investment, and ... (full story)

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  • Category: Fundamental Analysis