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Bitcoin Price Analysis: When to Expect the Post-Halving Rally?

source-logo  coingape.com 21 April 2024 20:40, UTC

Bitcoin Price Analysis: On April 19th, Bitcoin, the largest cryptocurrency market cap completed a major milestone called ‘halving’ — a phenomenon where the reward for mining Bitcoin transactions is cut in half. This reduction from 6.25 to 3.125 bitcoins per block in this fourth aims to control inflation and mimic the scarcity-driven value increase similar to precious metals. Historically, halvings have preceded substantial rallies in Bitcoin’s price, as reduced supply and ongoing demand may push prices higher. What to expect after the Fourth Halving?