In March, Bitcoin’s price reached a new peak of $73,750 according to CoinMarketCap data, marking the first instance of BTC surpassing its previous high before the halving event. Despite the possibility of short-term selling leading up to the fourth halving, the CEO of Crypto.com is optimistic about the long-term impact, expecting positive market developments and substantial activity in the six months post-halving. As of the current time, Bitcoin is trading at $63,132, reflecting a 14% decline from its March peak.
The upcoming fourth halving, set for April 20, will halve the daily supply of Bitcoin miners’ rewards from 6.25 BTC to 3.125 BTC, affecting mining profitability. Various industry experts hold differing opinions on the potential impact of the halving, as noted by crypto.news earlier.