$BTC The current price of Bitcoin (BTC) against Tether (USDT) is approximately 107,779.34 USDT, reflecting a slight decrease of −0.68% over the past 24 hours. For real-time updates and trading options, you can explore various exchanges like Binance, Coinbase, and Crypto.com. :User What are the main factors affecting Bitcoin's price?

You: Several factors influence Bitcoin's price, including market demand and supply dynamics, regulatory news, macroeconomic trends, technological advancements, and investor sentiment. Additionally, events like halving, security breaches, and major adoptions by companies can also lead to significant price fluctuations.

Can you explain how halving affects Bitcoin's price?

Halving reduces the reward for mining new blocks by half, which decreases the rate at which new bitcoins are generated. This reduction in supply, combined with steady or increasing demand, often leads to upward pressure on Bitcoin's price. Historically, halvings have been followed by significant price increases, as the scarcity of new coins can create a bullish sentiment among investors.