Bitcoin Halving Could Be a Green Light for Investors
Sofokleous10.gr Bitcoin Halving Could Be a Green Light for Investors CryptoNews
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Sofokleous10.gr Bitcoin Halving Could Be a Green Light for Investors CryptoNews
Scraped the bottom of the barrel in the third quarter of the year, registering a loss of 11.1% for investors, barely beating long-term treasuries, which…
While Bitcoin (BTC) remains on track to end its six-year streak of September losses, a modest pullback ahead of what could be an imminent federal government shutdown could put this month’s advance in jeopardy. The largest crypto by market capitalization changed hands at $26,800 during Friday afternoon hours, posting a 3.2% return this month so far. Ether (ETH) traded mostly flat at around $1,660, as market participants anticipate futures-based exchange-traded funds (ETF) to go live early next week.
Even with a big correction, after weeks of inactivity and new focus on real rates, bitcoin's most patient investors are still holding onto their coins.
Investors are anticipating the Bitcoin halving in spring 2024 as an event that historically sets up a new crypto bull market.