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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Bircoin Halving is estimated on April 20, but there is a collapse in the market 3 days before Bitcoin halving. Everyone's excitement was broken and people were wondering what would happen when the halving came.
Effect of Bitcoin halving
There are only a few days left until BTC halving, and every 210,000 blocks will be mined, and the proportion of tokens in circulation will be systematically reduced. Halving, which will balance the supply-demand relationship, could reverse the current decline in the BTC price, and if demand increases, the price will rise again.
This week, both macro factors and economic developments in the cryptocurrency market will play a significant role in the BTC price. On the other hand, the upcoming halving may set the stage for the start of a bull run in the altcoin market. Still, everyone needs to be careful, it is still unclear where the markets will go.
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#BTC# #DUCK# #ICP# #MYRO#