Global #Bitcoin halving

Apart from Bitcoin's current decrease to $62,756, analysts suggest that the cryptocurrency market might discover its lowest point in June, signaling the beginning of the next altcoin bull cycle.

According to crypto analyst Rekt Capital, the recent Bitcoin halving event remains a critical factor in shaping the cryptocurrency's market dynamics.

Following the April 19 Bitcoin halving, the price of BTC has not been able to continue its upward trend; yet, the network has not stopped producing transactions and headlines.

The Bitcoin (BTC) Runes protocol, the largest cryptocurrency blockchain, has brought in $135 million in transaction fees.

The 20% increase in Chainlink's (LINK) price indicates that it was more optimistic about the Bitcoin halving event than the cryptocurrency itself.

BlackRock's Bitcoin exchange-traded funds (ETF) iShares Bitcoin Trust, which trades under the ticker "IBIT," has had inflows for 69 days running, according to a social media post by Eric Balchunas, an analyst with Bloomberg Intelligence ETFs.

It was anticipated that the price of Shiba Inu (SHIB) would rise by 43% before the meme currency succumbed to general market pessimism.

With the successful completion of its fourth halving event, miners' block rewards have once again been cut in half, from 6.25 to 3.125 BTC. The Bitcoin halving, sometimes referred to as "the halvening," is scheduled to occur every 210,000 blocks, or roughly every four years.

Bitcoin BTC is on the brink of its fourth halving event, scheduled to occur when Bitcoin’s block height hits 840,000 on April 20.

The price of FLOKI surged by up to 8% today, hitting $0.0001418, while the cryptocurrency market gained 5% over the previous day.

With just 100 blocks remaining before the incentive for mining the flagship decentralized finance (DeFi) asset is cut in half, the Bitcoin (BTC) halving, one of the most significant events in the cryptocurrency sector, is rapidly approaching. The excitement in the cryptocurrency world is growing.

A intriguing tendency among miners is emerging as the much awaited April 19 Bitcoin halving event draws near. In contrast to the pre-halving sell-offs that occurred prior to the 2020 and 2016 halvings, miners accumulate.