The fourth Bitcoin halving that was expected today is completed successfully, cutting miners’ rewards in half to 3.125 bitcoins from 6.25. The value of bitcoin has been fluctuating leading up to the occasion, and dropped approximately 5% this week to be valued at around $63,880. Bitcoin halving impacts supply dynamics by halving new Bitcoin creation every four years, decreasing inflation and potentially increasing price due to scarcity and consistent or rising demand. Can the price of BTC go against the expectations of crypto enthusiasts and investors and start a downward trend?
Current Bitcoin Price Action
Bitcoin (BTC) has seen a 2.00% drop in the last 24 hours, now priced at $63,666.15. Despite this, it remains the top cryptocurrency with a market cap of $1.25 trillion. Trading volume has fallen by 36.15%, indicating a possible decrease in market activity.
Various scenarios presents opinions and views of crypto industry experts and analysts regarding the next price movement of B
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