#Bitcoin's dominance exceeds a historical level and an important upcoming event will enhance its strong leaps.

_#Bitcoin's market dominance reached a 30-month high of 54% over the past few hours, indicating the leading #cryptocurrency's growing power ahead of the halving event scheduled for April 2024. #Bitcoin halvings occur every four years, reducing the mining reward for each block. Halving and reduces the flow of new Bitcoin into the market. With the next halving, the reward will be reduced from 6.25 BTC to 3.125 BTC per block.

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