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Third Halving Turns Out to Be Non-Event for Bitcoin’s Price
Bitcoin's price volatility has declined following the network's third mining reward halving event on Monday. The reward per block mined on bitcoin's blockchain was reduced to 6.25 BTC from 12.5 BTC at 19:23 UTC, when the cryptocurrency was trading near $8,500. Since then, prices have been restricted largely to a narrow range of $9,500 to $9,820. The quiet post-halving price action stands in stark contrast to the solid two-way business in the $1,000 range of $9,200 to $8,100 observed during the 24-hours ahead of the supply altering event and the buoyant price action seen over the last 13 days. The cryptocurrency ... (full story)
