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A Bitcoin Halving Happened 1 Year Ago. Was It a Catalyst for the Leading Crypto?
Bitcoin (CRYPTO: BTC) hit a value of more than $100,000 last year, for the first time ever. Did the fourth Bitcoin halving event prove to be a positive catalyst for the cryptocurrency and its valuation? Or has its rapid rise in value had more to do with other factors?Bitcoin's big selling point is its scarcity. And every four years, the rewards of Bitcoin mining are halved. It's bad news for miners, but it slows the rate at which new tokens enter circulation, thereby helping maintain Bitcoin's scarcity.Bitcoin's value sometimes rises after a halving, prompting investors to buy the digital currency beforehand. But did that happen after the last halving event, which took place on April 19, 2024? Here's a look at Bitcoin's price in the months following the event.Continue reading
Bitcoin (CRYPTO: BTC) hit a value of more than $100,000 last year, for the first time ever. Did the fourth Bitcoin halving event prove to be a positive catalyst for the cryptocurrency and its valuation? Or has its rapid rise in value had more to do with other factors?
Bitcoin's big selling point is its scarcity. And every four years, the rewards of Bitcoin mining are halved. It's bad news for miners, but it slows the rate at which new tokens enter circulation, thereby helping maintain Bitcoin's scarcity.
Bitcoin's value sometimes rises after a halving, prompting investors to buy the digital currency beforehand. But did that happen after the last halving event, which took place on April 19, 2024? Here's a look at Bitcoin's price in the months following the event.
