But this time, bitcoin has already embarked on a momentous rally to record highs, rising from $15,500 in late 2022 to $73,680, helped by optimism around the approval of spot bitcoin ETFs in the U.S. and then then the ensuing enthusiasm after they began trading in January.Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving
Bitcoin had slumped to as low as $59,685 on Friday morning, then rebounded heading into the event.
Bitcoin (BTC) held steady around $63,700 in the aftermath of the cryptocurrency's fourth halving, an event that upends the economics for the miners who power the Bitcoin ecosystem.
BTC recently barely moved from its level right before the 840,000th Bitcoin block was mined just as Saturday began in UTC time. Bitcoin had slumped as low as $59,685 on Friday before rebounding above $65,000.
