Bitcoin rate is testing the level of $ 10 thousand on the eve of halving
Bitcoin course tests the level of $ 10 thousand on the eve of halving
Since yesterday evening, the MTC exchange rate began to grow rapidly, exceeding the $ 10,000 mark at night, which is the best indicator since February 24. However, the subsequent correction cooled the fuse of the bulls..
Over the past day, the price of bitcoin rose by 5.57% and at the time of publication is hovering around $ 9830. Growth confirms not only increased investor interest in a digital asset against the backdrop of economic consequences, but also the beginning of active preparation of the market for halving on May 11.
From the beginning of the year BTC is up more than 30%, much better than most stocks and indices. In parallel with the recovery in the crypto market, open interest in bitcoin futures from CME Group reached a record high of $ 400 million..
Despite the positive dynamics, experts note that immediately after the two previous halvings, the bitcoin price fell sharply by 10% and 38%, respectively. However, then it not only recovered, but also set new highs.
text: Ivan Malichenko, photo: Shutterstock, chart: TradingView, The Block