Bitcoin Price Variation in the Last Hours:
The price of Bitcoin has been showing an upward trend recently. According to the latest data, Bitcoin registered an increase of +1.51% in the last 24 hours, reaching the value of $64,561.07 USD1. The 24-hour high was $65,976.40 USD, while the low was $63,038.49 USD1. This volatility is common in the cryptocurrency market and can be influenced by several factors, including market events, news and, of course, technical events such as halving.
Relationship with Halving:
Halving is an event that occurs approximately every four years and halves the miners' reward for each validated block. This mechanism is designed to control Bitcoin inflation by limiting the supply of new coins. Historically, halvings have been associated with increases in the price of Bitcoin, as a reduction in the supply of new coins, if demand remains constant or increases, can lead to an appreciation of the cryptocurrency.
As we approach the next halving, it is possible that investors are anticipating a potential appreciation of Bitcoin and therefore increasing their positions in the cryptocurrency. This may explain part of the recent price rise. However, it is important to remember that the cryptocurrency market is highly speculative and other factors may also be influencing prices.
Please remember that this information is based on historical data and market trends and should not be considered financial advice. It is always recommended to conduct your own research and consult a financial professional before making investment decisions.
