Bitcoin halving likely this week: Here’s what to expect
This technical event happens every four years. It is when the rewards for Bitcoin miners are cut in half.
This technical event happens every four years. It is when the rewards for Bitcoin miners are cut in half.
Amid the Iran-Israel war, the largest cryptocurrency – Bitcoin – slid 7.7 per cent marking the biggest such retreat since March 2023.
Bitcoin retreated from its record high of more than $73,000 as the market witnessed a selloff and higher-than-predicted US inflation data signalled that interest rates might stay high.
Amid the continuous rally, the cryptocurrency Bitcoin has climbed up the ranks to become the world's eighth most valuable asset by market capitalisation, surpassing silver.
Notably, since the spot bitcoin exchange-traded funds were approved in the US, the cryptocurrency is steadily rising.
A report has revealed that more than half of all Bitcoin, the world's largest cryptocurrency, daily trading volumes are reportedly fake. It dipped below $20,000 on Saturday.
The world's largest cryptocurrency further tanked 7 percent over fears of risk-off sentiment due to a sharp rise in inflation globally, especially in the US.
The ace investor said Bitcoin is not a productive asset and doesn't produce anything tangible.
The use of such currency by China in some specific cities and the recent budget outline of India have given further importance to it.
CBI as the National Central Bureau for INTERPOL in India coordinates closely with international law enforcement agencies including FBI