Bitcoin Halving News LIVE Updates: BTC Price Rebounds To $65K, Ignites Frenzy As Halving Nears
Bitcoin Halving News LIVE Updates: As the much-awaited 2024 Bitcoin halving event draws near, market sentiments are soaring clouds high, with the broader crypto industry even witnessing a substantial price rebound today, April 19. A plethora of events in tandem with the BTC halving event unfolded in the past 24 hours, primarily attributed to the paradigm shift this event presents itself with.
Notably, Bitcoin’s price neared the $65k mark, as less than 100 blocks remained in the upcoming BTC halving. The token traded at $64,825 while writing, with a 2.86% jump over the past 24 hours.
It’s worth noting that Bitcoin slipped below the $60K mark today, resulting primarily from geopolitical tensions between Iran and Israel. However, with the halving frenzy weighing in, Bitcoin embarked upon a prompt upward momentum, garnering significant investor optimism on the token.
Usual market sentiments portray a parabolic uptrend for BTC post-halving. However, the token remains poised for an extended consolidation shortly after its halving, with a parabolic uptrend unfolding in the long run.
Intriguingly, with this halving event, the Bitcoin block reward halves, slipping from 6.25 to 3.125. Listed below are some of the latest updates from the industry.
The post Bitcoin Halving News LIVE Updates: BTC Price Rebounds To $65K, Ignites Frenzy As Halving Nears appeared first on CoinGape.
