Bitcoin price is holding above the $66,000 level this in the morning after the long-awaited "halving", according to data on the platforms "Coindesk" (Coindesk) and "Bitstamp" (Bitstamp), writes BTA.
As of 09:00 Bulgarian time, the most popular cryptocurrency is trading for $66,355.65 on "Coindesk" and $66,403 on "Bitstamp", up 1.97 percent and 2.06 percent, respectively.
Bitcoin halving means that "miners" they get twice less than before - 3.125 bitcoins instead of 6.25 bitcoins. The halving happens every four years and is written into the Bitcoin code. As a result, the supply of new bitcoins to the market slows down.
The event took place late on Friday evening, and before it the Bitcoin exchange rate was very volatile.
The halving itself should not affect the bitcoin cent in the short term, but many investors expect significant gains in the coming months given the token's performance in previous halvings. After their occurrence in 2012, 2016, and 2020, the price of Bitcoin increased multiple times compared to the day of the halving, reaching a maximum for the respective price cycle, recalls CBS.