Crypto Stocks Gain After Bitcoin's Fourth Halving

Tiger Newspress04-22

Bitcoin traded higher following the so-called halving, an event that sharply cut the issuance of the world’s largest cryptocurrency.

Bitcoin’s fourth halving, a highly anticipated event occurring every four years in the cryptocurrency realm, has finally occurred. on Saturday.

This event, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC, marks a crucial moment in the industry. As a result, the daily issuance of Bitcoin has been slashed in half, now standing at around 450 Bitcoin compared to the previous approximately 900. This reduction will continue until around 2140, when the final BTC is mined.

Crypto stocks gained in premarket trading Monday. MicroStrategy rose 9%; Riot Platforms rose 8%; Coinbase and Canaan rose 7%; Marathon Digital rose 4%; CleanSpark and Bitfarms rose 2%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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iNkwiziTs
04-22
iNkwiziTs
Oh la la.. ✨

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