3 Impacts of Bitcoin Halving on Gold As Prices Soar

Gold prices increased exponentially in the last three months, reaching a new all-time high of $2,431 on April 15. However, the remarkable rise in Bitcoin price came to a sudden halt last weekend, with the largest digital asset plummeting to lows at $60,000 on most exchanges. Despite the drop in the value of BTC, which has triggered a widespread sell-off in the crypto market, Bitcoin halving is fast approaching, likely to occur on April 20.