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CryptoIntelligence 2024-04-08 07:07:30

Bitcoin Nears Halving Event Amidst $100K Predictions, as Ethereum Updates and Legal Wins Bolster Confidence

Bitcoin Nears Halving Event Amidst $100K Predictions, as Ethereum Updates and Legal Wins Bolster Confidence

With the Bitcoin “halving” event drawing near, the cryptocurrency community is abuzz with predictions, some even suggesting a surge to the $100,000 mark. Bitcoin‘s price has recently seen a slight increase, reaching $69,395. This halving, which is expected to happen this April, will reduce mining rewards by half, from 6.25 to 3.125 bitcoins. Such events, occurring every four years, aim to limit Bitcoin supply and have historically led to price volatility. Analysts at Steno Research speculate this occasion might follow a “buy the rumor, sell the news” pattern, similar to what was observed in the 2016 halving. The anticipation builds

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