Bitcoin Rebounds Near $69,000 as Halving Event ApproachesBitcoin's price is rebounding following a
Skip to content
en EN
BTC Coin BTC
2.05%
ETH Coin ETH
2.24%
USDT Coin USDT
0.01%
BNB Coin BNB
2.76%
SOL Coin SOL
1.64%
USDC Coin USDC
0.01%
XRP Coin XRP
1.79%
DOGE Coin DOGE
5.53%
ADA Coin ADA
2.51%
TON Coin TON
5.36%
BTC Coin BTC
2.05%
ETH Coin ETH
2.24%
USDT Coin USDT
0.01%
BNB Coin BNB
2.76%
SOL Coin SOL
1.64%
USDC Coin USDC
0.01%
XRP Coin XRP
1.79%
DOGE Coin DOGE
5.53%
ADA Coin ADA
2.51%
TON Coin TON
5.36%
Search...
Home > News
Published: 05/04/2024
-
Author: Leexim
Bitcoin Rebounds Near $69,000 as Halving Event Approaches
Bitcoin's price is rebounding following a challenging beginning to the month, just under two weeks away from the highly anticipated halving event.
Azcnews (1)
Table of Contents
Bitcoin is recovering after a period of stability to start April, bouncing back above $69,000 on Thursday ahead of the network’s upcoming halving event expected in a few weeks.
Bitcoin rebounds to $69,000
The price of Bitcoin has risen 5% in the past 24 hours, reaching $69,100, reversing a three-day trend that saw the top cryptocurrency drop below $70,000 and nearly touch $65,000 on Tuesday before bouncing back on Thursday.
Bitcoin Chart
Bitcoin Chart
Bitcoin’s halving event occurs every four years to reduce the amount of BTC miners receive as a reward for successfully producing a new block. Its aim is to slow the increase of the circulating supply and curb inflation, often associated with an increase in asset prices.
With the next halving event scheduled for April 20, Bitcoin’s price surged in March to a new all-time high of $73,737, skyrocketing multiple times throughout the month as it continued to climb higher. The previous all-time high for Bitcoin was set in November 2021 at around $69,000.
Timing of Bitcoin Halving Event
The estimated date for the halving event has changed in recent weeks, as the event is tied to a specific block on the network, as well as Bitcoin’s activity and demand helping determine the network’s speed at that time. Currently, it is scheduled for April 20 or 4/20, with some notable memes fitting well with the current price level, along with some other memes.
Bitcoin Halving
Bitcoin Halving
Bitcoin’s latest price increase has caused similar fluctuations across the entire market, with no surprises, rising 4% each day on data from CoinGecko. Ethereum (ETH) rose nearly 4% to $3,415 today, while Dogecoin (DOGE) surged 6% to $0.186 and Binance Coin (BNB) was the strongest performer among the top 10 cryptocurrencies with an 8% increase to $597.
Related: Surge of Bitcoin Exiting Coinbase Exchange Unexpectedly
Two of the largest gainers among the top 100 cryptocurrencies by market capitalization are closely linked to Bitcoin. ORDI, a BRC-20 token minted through the Bitcoin Ordinals protocol, surged nearly 15% in a day with the current price above $64, while Bitcoin Cash – forked from Bitcoin – rose about 12% to $644 after its own halving event earlier this year.
Read More
#Bitcoin
#bitcoin price today
#btc
#halving
5.0/5
(1 vote)
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
Twitter
Telegram
Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews Breaking
Airdrops | Altcoin | Editor Choice 05/04/2024
Get BTC Welcome Bitcoin Halving on BingX
The cryptocurrency exchange BingX is organizing a special event dedicated to the once-every-four-years occasion of Bitcoin Halving.
Azcnews Breaking
Altcoin | Editor Choice | Research 05/04/2024
What is MultiBit? Information about MUBI Token
The surge of BRC-20 has sparked a new investment appetite among traders, likely emerging as the main trend of 2024 coinciding with the Bitcoin Halving. Multibit (MUBI) will play a crucial role in this trend. So, what is Multibit? Is investing in MUBI Token worthwhile? Let's find out!
Azcnews (2)
Altcoin | Defi | Editor Choice | News 05/04/2024
The DeFi Boom Could Propel Ethereum Prices to $3500
Ethereum is showing signs of a bullish reversal, supported by DeFi sentiment and positive technical indicators. Despite initial setbacks, Ethereum's price stabilizes around $3,379 with potential for further upward movement.
Azcnews Breaking
Airdrops | Altcoin 05/04/2024
How to participate in the Xterio Airdrop
Xterio is a Gaming and AI project that has successfully raised $55M in funding through 2 rounds from major investors such as Binance Labs, Makers Fund, and more. Xterio is a promising project that holds the potential for large airdrops in the future. To participate, learn more details here!
Azcnews Breaking
Altcoin | Editor Choice 04/04/2024
Successful $7.5 Million Raised by Raiinmaker in Seed Round
The infrastructure platform Raiinmaker recently conducted a successful angel funding round, raising $7.5 million from prominent investors such as Jump Capital and Cypher Capital.
Top views
1
Guide to Participating in Eclipse Testnet
2
NIM Network Announces Airdrop of 90 Million Tokens
3
How to Participate in the Backpack Airdrop
4
Standard Chartered Forecasts Bitcoin to Rise to $250,000
5
Bitcoin Halving Chart History Analysis
6
What is ChatAI? Information about CHATAI Token?
7
The Resurgence of “RWA” Token Category
8
Solana Earns the Title of Ethereum Slayer
9
AltLayer Introduces ALT Staking Feature
10
Institutional Buying of Bitcoin Resumes in the US
About AZC.News
About Us
For Ads
For KOLs
Privacy Policy
Terms of Services
Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
