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The Bitcoin rate remained above the $66,000 level this morning after the long-awaited “halving”, according to data from the Coindesk and Bitstamp platforms, BTA writes.
As of 09:00 Bulgarian time, the most popular cryptocurrency is trading for $66,355.65 on Coindesk and $66,403 on Bitstamp, which is an increase of 1.97 percent and 2.06 percent, respectively.
The bitcoin halving means that miners get half as much as before – 3.125 bitcoins instead of 6.25 bitcoins. The halving happens every four years and is written into the Bitcoin code. As a result, the supply of new bitcoins to the market slows down.
The event occurred late on Friday evening, and before that the Bitcoin rate was very volatile.
The halving itself should not affect the bitcoin cent in the short term, but many investors expect significant gains in the coming months given the token’s performance in previous halvings. After their occurrence in 2012, 2016 and 2020, the price of Bitcoin increased multiple times compared to the day of the halving, reaching a maximum for the respective price cycle, recalls CBS.
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