🧵 1. Bitcoin hits highest price since halving, reaching $67,422 before a slight dip. Up nearly 3% in the past day and more than 9% in the last week. #crypto
🧵 1. Bitcoin hits highest price since halving, reaching $67,422 before a slight dip. Up nearly 3% in the past day and more than 9% in the last week. #crypto
🧵 2. Factors like geopolitical turmoil and investor uncertainty caused Bitcoin to drop post-halving. Despite recent rise, price still below all-time high of $73,737.
🧵 3. Bitcoin's latest surge attributed to new investors via spot ETFs approved in January. Billions of dollars flowing into these investment vehicles this year.
🧵 4. The halving event on April 19 cut miners' rewards in half, making it harder to mine new coins. Bitcoin's price typically rises after such events, as seen previously.
🧵 5. Bitcoin's design as a deflationary asset aims to limit new coin creation over time. The coin has undergone four halvings, each followed by a price increase.
🧵 Read more at: https://decrypt.co/231289/bitcoin-booming-highest-price-since-halving