Bitcoin halving approaches and it reaches $ 8,900
Popular digital currency shows what appears to be a tense stability among major crypto assets
A few hours before the expected event of the cut in the reward margin for the bitcoin ecosystem, the popular digital currency shows what appears to be a tense stability among other major cryptocurrencies.
Bitcoin has registered a value of US $ 8,863, a figure that exceeds 0.76% compared to this Sunday when it was located at US $ 8,406. According to the analysis carried out by the Diariobitcoin news portal, the change in the volume of daily operations seen as of 6:00 am on Monday (New York time) is due to the increase in commercial operations.
At the time of listing, the currency stood at US $ 8,541 per unit and from there it began to rise progressively. However, once it reached US $ 9,022, it registered a slight drop, but it is on the upside again for the time of publication, when there are only 5 ½ hours left for Halving.
Halving of bitcoin network
As you know, Halving refers to the cut in the rewards margin destined for the mining community related to the issuance of new bitcoins. This high-profile event that takes place every four years aims to reduce the inflation levels of the bitcoin digital currency, while reducing the supply margin that exists in the main markets.
For other currencies whose issue has an already established limit, Halving appears as a mechanism to protect the viability of the project for years to come. If the asset has a good reputation in the market and an increase in adoption among users and companies, the measure is expected to lead to an organic increase in its value in the medium term.
K.Villarroel
Source: Diariobitcoin
