Before the halving, the cryptocurrency traded on a steady note around the $63,000 mark. Just days after the event, the bitcoin price was up 1.6%, hovering around $66,000 on Monday morning.
The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions.
Bitcoin Halving Cuts Supply of New Tokens in Threat to Miners bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Cryptocurrency News: The much-awaited Bitcoin software upgrade, known as the "halving," has been successfully implemented, potentially impacting the profitability of compa