Bitcoin Halving News LIVE Updates: Only 70 Blocks Until Bitcoin Halving; Market Debates on Impact After

Bitcoin Halving News LIVE Updates: As the much-awaited 2024 Bitcoin halving event draws near, market sentiments are soaring clouds high, with the broader crypto industry even witnessing a substantial price rebound today, April 19. A plethora of events in tandem with the BTC halving event unfolded in the past 24 hours, primarily attributed to the paradigm shift this event presents itself with.

Notably, Bitcoin’s price neared the $65k mark, as less than 100 blocks remained in the upcoming BTC halving. The token traded at $64,825 while writing, with a 2.86% jump over the past 24 hours.

It’s worth noting that Bitcoin slipped below the $60K mark today, resulting primarily from geopolitical tensions between Iran and Israel. However, with the halving frenzy weighing in, Bitcoin embarked upon a prompt upward momentum, garnering significant investor optimism on the token.

Usual market sentiments portray a parabolic uptrend for BTC post-halving. However, the token remains poised for an extended consolidation shortly after its halving, with a parabolic uptrend unfolding in the long run. Many influential figures have predicted a sooner or later bull run in the market post halving, though the timeline of the same still remains dicey.

Bitwise CIO Matt Hougan is optimistic about the Bitcoin halving. The notion that surplus demand must virtually entirely pursue Bitcoin from those who don’t need to sell is a good one, he claims, adding that the market has undervalued the long-term desire for the cryptocurrency.

Intriguingly, with this halving event, the Bitcoin block reward halves, slipping from 6.25 to 3.125. Listed below are some of the latest updates from the industry.

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