Bitcoin

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<ul class="news-points"> 
 <li>Crypto users are bullish on Bitcoin halving to be a catalyst for a price boom.&nbsp;</li> 
 <li>The halving is less than 100 days away and will slash block rewards by 50%.&nbsp;</li> 
 <li>Bitcoin continues to hover in the $42K following consecutive declines since ETF launches.</li> 
</ul> 
Leading crypto industry research &amp; analytics platform CryptoRank.io <a href="https://x.com/CryptoRank_io/status/1746889967647719898?s=20" target="_blank" rel="noreferrer noopener nofollow">revealed</a> that the majority of the users on the platform are bullish on <a href="https://coinedition.com/crypto-analyst-explains-five-phases-of-the-bitcoin-halving/">Bitcoin halving</a>. A vote conducted on the website showed that 79% of users are optimistic about Bitcoin halving, while 21% express bearish concerns.&nbsp; 
The highly anticipated Bitcoin halving is a significant event that reduces the reward miners receive. With less than 100 days to go, the halving will slash the reward for mining blocks from 6.25 BTC to 3.125 BTC.&nbsp; 
<a href="https://cryptorank.io/price/bitcoin/halving" target="_blank" rel="noreferrer noopener nofollow">Data</a> from CryptoRanks.io shows that the halving will happen once the total number of mined blocks hits 840,000. At present, the current block height stands at 825,987, with 14,013 left to be mined before the halving occurs.&nbsp; 
Historically, the halving has been associated with bullish rallies in Bitcoin’s price. Since the last halving, which took place in …
The post <a href="https://coinedition.com/crypto-users-bullish-on-the-forthcoming-bitcoin-halving/">Crypto Users Bullish on Bitcoin Halving with Less Than 100 Days to Go</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Users Bullish on Bitcoin Halving with Less Than 100 Days to Go

Coin Edition

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