Gold prices increased exponentially in the last three months, reaching a new all-time high of $2,431 on April 15. However, the remarkable rise in Bitcoin price came to a sudden halt last weekend, with the largest digital asset plummeting to lows at $60,000 on most exchanges. Despite the drop in the value of BTC, which has triggered a widespread sell-off in the crypto market, Bitcoin halving is fast approaching, likely to occur on April 20.
The world’s most expensive precious metal’s steady rise underscores the growing geopolitical tensions in Europe due to the Russia-Ukraine war and the West Asia due to Israel’s operation in Gaza and recently, the tension between Iran and Israel.
Although prices in the crypto market are performing dismally this week, Bitcoin halving may turn the tables around, resulting in remarkable movements.
For now, Bitcoin price holding above $60,000 is good enough for investors who foresee a larger breakout post-halving.
The rally in gold prices might be i
We współpracy z: https://coingape.com/markets/3-impacts-of-bitcoin-halving-on-gold-as-prices-soar/
