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Cryptocurrency News Video
Bitcoin’s latest ‘halving’ has arrived. Here’s what you need to know I Bitcoin update
Apr 21, 2024 at 08:12 am Pakistan Observer
#pakistanobserver#breakingnews #latestnews
The “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the world’s largest cryptocurrency, again.
Bitcoin’s latest “halving” occurred Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907.
Now, all eyes are on what will happen down the road. Beyond bitcoin’s long-term price behavior, which relies heavily on other market conditions, experts point to potential impacts on the day-to-day operations of the asset’s miners themselves. But, as with everything in the volatile cryptoverse, the future is hard to predict
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