The world’s most popular digital coin, Bitcoin successfully went through its third halving in its history on Tuesday, seeing its daily supply of new bitcoin reduced by half.
Bitcoin halving cuts the reward for using bitcoin mining software to ‘mine’ bitcoin from 12.5 new bitcoins to 6.25
Previous halving events have triggered the surge in Bitcoin prices. With COVID-19 disrupting financial markets in recent months Bitcoin price made no significant surge as cases in COVID-19 mortality rate increases
Bitcoin price, which had been volatile lately prior to its halving, has remained flat since the event(halving)occurred, Bitcoin at the time of writing was trading just over 2% and hovering around $8,906 per bitcoin according to coinmarketcap
Bitcoin halving cuts the reward for using bitcoin mining software to ‘mine’ bitcoin from 12.5 new bitcoins to 6.25
Previous halving events have triggered the surge in Bitcoin prices. With COVID-19 disrupting financial markets in recent months Bitcoin price made no significant surge as cases in COVID-19 mortality rate increases
Bitcoin price, which had been volatile lately prior to its halving, has remained flat since the event(halving)occurred, Bitcoin at the time of writing was trading just over 2% and hovering around $8,906 per bitcoin according to coinmarketcap