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With just two days remaining until the fourth Bitcoin (BTC) halving, set to occur at block height 840,000 on April 19, the cryptocurrency community is on the edge of its seat. This upcoming event will halve the mining rewards from 6.25 to 3.125 BTC per block, marking a major milestone for the digital currency. This event is expected to significantly impact market dynamics , drawing parallels to previous events that have led to major price movements and further reinforced Bitcoin’s principles of scarcity and decentralized security. Anticipated market reactions Historically, each halving has led to a marked increase in Bitcoin’s price, driven by its reduced supply and increased scarcity.  Picks for you How much Bitcoin does ‘Rich Dad’ Robert Kiyosaki own? 3 mins ago Price prediction for Chainlink (LINK) amid 50% gains opportunity 56 mins ago Bitcoin on the cusp of confirming key breakdown; How low can BTC go? 1 hour ago How much is the di...

Although Bitcoin (BTC) has started the week on a positive note, recovering from the recent losses that followed its new all-time high (ATH), the maiden cryptocurrency is inching closer to a major ‘danger zone’ in which it has historically started to make its pre- halving retraces. Specifically, Bitcoin has traditionally performed pre-halving retraces in the period between 14 and 28 days before its halving event, with a 40% retrace in 2016 and a 20% one in 2016, according to the observations shared by crypto trading expert Rekt Capital in an X post on March 17. Bitcoin price prediction and action analysis. Source: Rekt Capital Highway to the danger zone In other words, Bitcoin is about to enter another ‘danger zone’ in which the pre-halving retraces would typically begin, keeping in mind that the flagship decentralized finance (DeFi) asset is less than 30 days away from the halving and has already recorded a pullback last week. Picks for you Solana’s network hit ...

Bitget’s report reveals that 84% of survey participants predict Bitcoin (BTC) will hit a new all-time high in 2024. About 70% say they have plans to add to their crypto investments as they eye the next bull run. Bitget, one of the crypto exchanges to see remarkable growth in 2023, has released findings of a new study on Bitcoin’s upcoming halving, which shows an overwhelming majority of investors are bullish on the flagship cryptocurrency post-halving.  Nearly three quarters say the potential for Bitcoin price to skyrocket to a new high weighs on their plans to add to their investments in 2024. The crypto exchange shared the findings of the survey in a report published on Thursday, February 1. Bitget’s study – an overview An Analysis of anonymized data that focused on investors ’ perceptions around Bitcoin’s upcoming halving and how this impacted their investment decisions showed that the market is largely bullish ...

The current price action of Litecoin has pushed it to print a 14% growth in the week to date period. As a leading a LTC oin with a vibrant and functional ecosystem, the positive sentiment boosting price growth at the moment stems from the anticipation of the coming Halving event. advertisement As a PoW protocol, Litecoin also undergoes halving every 4 years, taking similarities to that of Bitcoin. The next halving event according to a recent reminder shared to the community by Litecoin is set to take place in just about 74 days. The update is not alien to the Litecoin community as it is an expectation that has been building up for a while now. The whole euphoria of the Halving appears to be pricing in and is now giving investors the leverage to stay optimistic in the longer term price impact of the event.  Core Impact of Litecoin Halving With the cryptocurrency ecosystem still known to largely be in the bear market, every digital currency is i...