Bitcoin price volatile as reduction in supply looms
Bitcoin price volatile as reduction in supply looms
Bitcoin is experiencing price volatility with just over two weeks remaining before the digital asset is expected to undergo its "halving" event.
Bitcoin halving means the reward for mining bitcoin is cut in half. Halvings reduce the rate at which new coins are created and therefore lower the available amount of new supply. Bitcoin (BTC-USD) last halved on May 11, 2020, resulting in a block reward of 6.25 BTC. The next halving …