Bitcoin Halving News LIVE Updates: As the much-awaited 2024 Bitcoin halving event draws near, market sentiments are soaring clouds high, with the broader crypto industry even witnessing a substantial price rebound today, April 19. A plethora of events in tandem with the BTC halving event unfolded in the past 24 hours, primarily attributed to the paradigm shift this event presents itself with.
Notably, Bitcoin’s price neared the $65k mark, as less than 100 blocks remained in the upcoming BTC halving. The token traded at $64,825 while writing, with a 2.86% jump over the past 24 hours.
It’s worth noting that Bitcoin slipped below the $60K mark today, resulting primarily from geopolitical tensions between Iran and Israel. However, with the halving frenzy weighing in, Bitcoin embarked upon a prompt upward momentum, garnering significant investor optimism on the token.
Usual market sentiments portray a parabolic uptrend for BTC post-halving. However, the token remains poised for an extended consolidation shortly after its halving, with a parabolic uptrend unfolding in the long run.
Intriguingly, with this halving event, the Bitcoin block reward halves, slipping from 6.25 to 3.125. Listed below are some of the latest updates from the industry.
05:51:05 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Only 91 Blocks To Halving!
The crypto market braces itself for the upcoming BTC halving as only 91 blocks remain. With only hours to go, crypto investors appear to be on their toes, expecting the event to impact BTC’s price action.
Bitcoin Halving in less than 100 Blocks.
Today is the day! 🚀 pic.twitter.com/SFVsecKBfj
— Bitcoin Archive (@BTC_Archive) April 19, 2024
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05:28:27 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Bitcoin Price Hits $65K
Following a noteworthy price rebound embarked upon by Bitcoin, the BTC token briefly topped $65K as of press time. With a 3.59% surge in the past 24 hours, BTC topped $65K despite its recent slip below $60K, nabbing global attention.
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05:25:09 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Bitwise CEO Anticipates BTC to Hit $100K Following Halving
Bitwise CEO Hunter Horsley recently took to a post on X, illustrating a sense of bullishness on BTC to hit $100K post-halving. He attributed this anticipation to historical data on BTC’s price movement.
I think people are dramatically underestimating the halving.
The market has never priced it in before, and won’t have priced it in this time.
For the prior 3 halvings, after investors spent months discussing if it was priced in, here’s what happened in the 12-months after…
— Hunter Horsley (@HHorsley) April 19, 2024
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