It’s Bitcoin’s halving day at the moment!
As we speak, Bitcoin experiences its fourth block reward halving, a vital occasion in its historical past. Every halving cuts the reward for mining new Bitcoin blocks in half, impacting the availability of this digital foreign money. This time, the reward drops from 6.25 BTC to three.125 BTC per block.
Pre-Halving Volatility
Earlier than the BTCHalving2024, Bitcoin noticed some ups and downs. Its value dipped to $59,685 however then bounced again above $65,000. Geopolitical tensions, just like the Israel-Iran state of affairs, added to this volatility, displaying how international occasions have an effect on Bitcoin’s worth.