Investing.com reported on Bitcoin (BTC) mining block number 817,062, valued at $35,810, as the cryptocurrency community prepares for the upcoming halving event in April 2024. The halving will reduce mining rewards from 6.35 BTC to 3.175 BTC per block.
Despite a weekly decline of 1.42%, BTC’s price showed some resilience today, increasing by 0.66% to $36,612.18. The currency also experienced a slight decrease in dominance rate by 0.19%, settling at 51.45%.
Previous halving events have resulted in significant price fluctuations for Bitcoin, from $176 on January 14, 2015, to $3,185 in December 2018, and $15,758 in November 2022. Investors and enthusiasts are paying close attention to these patterns as they get ready for the upcoming halving.
Crypto Tea concluded its article with a standard advisory disclaimer, reminding readers to be cautious when engaging with cryptocurrency markets. This article was generated with the support of AI and reviewed by an editor.
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