normal
April 8, 2024
13:05 pm
Bitcoin exceeds $72,100 again
Bitcoin continued its strong rise on Monday, rising more than 3.9%, exceeding $72,000 levels.
The cryptocurrency rose to $72,119.47, before returning and falling to $72,001.
Spot Bitcoin exchange-traded fund (BTC) inflows are expected to remain strong until the Bitcoin halving, according to analysts.
A Bitcoin halving means that the Bitcoin mining reward is cut in half. Halving reduces the rate of creation of new currencies, thus reducing the amount of new supply available. The price of Bitcoin last halved on May 11, 2020, resulting in a block reward of 6.25 BTC. The next halving, expected around April 20, will reduce the block reward to 3,125 BTC. (agencies)
2024-04-08 09:05:45
#Bitcoin #exceeds #Khaleej #newspaper
