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BTC USDT Current price is 66,716 USD, up 4.25% and the downtrend has broken down.
The countdown has begun for the halving, which will take place in 24 days (April 16, 2024).
So what is halving? Why is this period so important?
Bitcoin's eagerly awaited halving event arouses great interest in the cryptocurrency world. This event, which occurs approximately every four years, reduces the supply of new Bitcoins by half, leading to a decrease in the current supply. This further emphasizes one of Bitcoin's most important features: its limited supply.
The halving supports the principle of "decreasing supply", one of the fundamental building blocks of Bitcoin. According to this principle, over time Bitcoin becomes increasingly difficult to mine, which leads to an increase in prices along with an increase in demand. Therefore, the halving is not only associated with a decrease in supply but also an increase in demand, potentially increasing prices.
The halving event has been long awaited by the Bitcoin community and is greeted with great curiosity and excitement every time. Because this event plays a decisive role on prices, affecting one of the most fundamental economic dynamics of Bitcoin.
This halving, which will take place on April 16, 2024, is seen as a turning point in the cryptocurrency world and creates great excitement among investors. While speculation about the rise and fall of Bitcoin is more intense than ever, investors are watching this historic event with great attention.
Do you think there will be a new ATH in Bitcoin? And will the mega bull happen?
