MAY 25, 2023 • 17 Min Read
The halving is upon us. In approximately 320 days, Bitcoin’s block rewards will be halved from 6.25 BTC per block to 3.125. The halving reduces the new supply of Bitcoin entering the market and is often viewed as a market-wide bullish catalyst. It is reasonable to assume that if demand remains the same and supply decreases, the price of BTC should go up. As Bitcoin is the largest coin by market cap, a strong Bitcoin often acts as a tailwind for the broader crypto market.
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