#Bitcoin

Bitcoin on the rise: is a new rally coming?

The price of Bitcoin (BTC) has once again exceeded the $72,000 barrier on April 8, 2024, a level that has not been reached since mid-March. This unexpected rally has sparked speculation about a possible bullish "mini-rally" in the coming weeks, just before the halving event, which will take place around April 20.

Halving is an event that halves the reward miners receive for verifying transactions on the Bitcoin network. This fact usually generates a positive impact on the price of the cryptocurrency, since it reduces the supply of BTC available on the market.

Although it is still too early to confirm whether we are facing a new bullish rally, the current rally in Bitcoin is a positive sign that invites hope among investors.