Bitcoin Bottomed Last Time This On-Chain Sign Was Seen. It Just Returned

Just days ago, Bitcoin saw its latest block reward reduction when the 630,000th block was mined into existence. This immediately lowered the inflation rate of BTC by 50%, making the cryptocurrency more scarce than gold and most fiat currencies. Some have feared a “sell the news” event, whereas Bitcoin would crash after the halving. Meltem Demirors of CoinShares, for instance, told Bloomberg a week out from the halving: “We are seeing some enthusiasm around bitcoin as it […]

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Author: toutiao