135 Days to Halving: Binance’s CZ Joins in the Bitcoin Countdown
Binance CEO Changpeng Zhao signals that the fourth Bitcoin halving is expected in the first week of April 2024. Read more on CE....
- Binance CEO Changpeng Zhao has indicated that the fourth Bitcoin halving is expected to occur in the first week of April 2024.
- Bitcoin halving is an event that reduces mining rewards by half, decreasing the rate of new supply.
- Analysts predict a bullish trend for Bitcoin following the halving event.
- The previous halvings have historically led to substantial price surges, as the scarcity of new bitcoins exerts upward pressure on price.
- Bitcoin's current positive trajectory, driven by the anticipated approval of a U.S. Bitcoin spot exchange-traded fund (ETF), further supports analysts' bullish outlook.
The article presents a positive sentiment towards the upcoming Bitcoin halving, with analysts expecting a bullish trend and citing historical price surges following previous halvings.