Bitcoin and cryptocurrency prices fell sharply after a turbulent weekend due to geopolitical tensions between Israel and Iran.
However, this week is expected to see some bullish blockbuster events, led by the Bitcoin halving. It is reported that the crypto community is preparing for the fourth Bitcoin halving, which is expected to take place around 22:56 UTC on April 19, 2024.
This important event occurs every 210,000 blocks and will reduce the block reward from 6.25 BTC to 3.125 BTC this time. Halvings are significant because they reduce the rate at which new Bitcoins are generated, thereby reducing the overall supply, which may push up prices.
Charles Edwards, founder of Capriole Investments, emphasized the severity of this halving, saying: "The fourth halving will be the most important halving ever, as BTC is about to surpass gold and become the world's most difficult asset." On the other hand, 👀 If you are confused about the current market and don't know how to layout, you can click on my avatar to see the homepage introduction Jinqun, which will help you get through the confusion and get out of trouble. Injective will undergo a major "[REDACTED] upgrade", the details are still speculation, but the Injective team hinted that the token economy will undergo major changes, which may become a bullish catalyst. "The ultimate upgrade of single-injection token economics. Loading..." said the INJ team.
What changes will this eye-catching upgrade bring to the cryptocurrency market has aroused great attention and expectations in the market. As these important events approach, the Bitcoin and cryptocurrency markets are expected to usher in new fluctuations and opportunities. Let us wait and see what impact these events will have on the cryptocurrency market.
