
Bitcoin Price Surges to $9,600 after BTC Halving but Future Is Uncertain for Miners
Bitcoin price is rising today. BTC has gained almost 8% to set a daily high of $9,660 but the price is still not adequate for small BTC miners.
Bitcoin price is rising today. BTC has gained almost 8% to set a daily high of $9,660 but the price is still not adequate for small BTC miners.
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With the latest Bitcoin halving, the BTC mining rewards have reduced from 12.5 BTC to 6.25 BTC. Since its last halving in 2016, the BTC price has appreciated 1200% so far until the third event.
With a few hours and less than 40 blocks to 2020 Bitcoin halving, CME Group says the record trading activity for its Bitcoin derivatives reflects a strong institutional interest before the halving event.
As just around 10 hours are left before Bitcoin halving, many people are trying to guess what may happen to the price of BTC. Let’s have a look at teh current price movement.
Bitcoin yet again faces strong resistance at $10,200 levels as whales start liquidating their long positions resulting in a steep sell-off. Nearly, $200 billion BTC was sold in just an hour’s time. Now BTC is trading around $8,600.