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Bitcoin price is steadily rising despite dull halving

Written by  Guest Contributor: Anthony Marks - Crypto Trader May 13, 2020

The halving meant no matter how miners feel about it, the reward (revenue) they get per block is now chopped in half. 

Those who became interested in bitcoin as a result of its halving might be tempted to stick around if the price increases though.


Image courtesy of TradingView (4hr chart)

The price is indeed increasing steadily even after a very dull halving event. This is encouraging as to its durability and no wild swings have happened post halving, meaning that it is sitting on a solid base and isn't badly affected by market sentiment.

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Many people will feel disappointed with the halving and the anticipation of big gains simply didn't happen, but Bitcoin is still trading at a relatively high price and there is certainly no reason to panic sell.

The truth of the matter is no one knows what will happen in the weeks and months following the halving.

But, no matter what happens, cryptocurrency advocates know there is never a dull day in bitcoin-land and the reward halving just adds more fuel to the excitement and speculators’ wild theories too.

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1 comment

  • Simon V
    Comment Link Simon V Wednesday, 13 May 2020 12:25

    It was a bit dull, I thought it would go up like previously, but next to nothing happened

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