Bitcoin halving expected on April 20, here's what it means; should you invest?
Bitcoin is all set to undergo its highly anticipated 'halving' around April 20. This event, considered one of the most eagerly awaited in cryptocurrency market, has recently driven up the price of the digital asset, according to Bloomberg.
The digital asset has seen a roughly 50 per cent increase in value this year, despite experiencing a decline from its all-time high of $73,798 reached on March 14th. The surge witnessed this year is attributed to the approval of bitcoin ETFs by the US Securities and Exchange Commission in January, along with anticipations of interest rate cuts by the US Federal Reserve.
As the 2024 Bitcoin halving event draws near, speculation arises regarding the potential for history to repeat itself within the market.
