NFT News Today TheBittimes.com

Bitcoin (BTC) price closed September at $63,333, its best monthly performance during what the market calls the “September Effect.” Despite the overall positive performance from day one to September 30, the last day experienced a crash and long liquidations. According to data Finbold retrieved from CoinGlass on October 1, Bitcoin registered 7.29% gains in September. This result considers the opening to closing price variation from the first to the last day of the month, respectively. Historically, 2024 was one of the only four positive years Bitcoin price had in September. Moreover, this year was the best September’s monthly return to date, only behind another Bitcoin halving year, in 2016, with 6.04% gains. Picks for you Crypto trader with 100% win rate nets $2.14 million in 7 weeks 23 hours a...

The highly anticipated Bitcoin halving event draws near, set to occur on April 20, 2024, according to Watcher.Guru’s active tracking. The cryptocurrency community is abuzz with speculation about the potential impact on various digital assets following the event. Among the coins garnering significant attention is Ethereum ( ETH ), the second-largest cryptocurrency by market capitalization. Many enthusiasts and investors are now pondering wh ETH er ETH has the potential to reach its all-time high of $4,891.70 in the aftermath of the halving. The Bitcoin halving, which takes place approximately every four years, has historically been a catalyst for substantial growth across the cryptocurrency market. This event reduces the reward for mining new Bitcoin blocks by 50%, thereby reducing the supply of new Bitcoins entering circulation. A surge in Bitcoin’s price often results from this reduction in supply and steady or increasing demand. This has positively influenced t...