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LONDON: The Open Forum Riyadh — a series of public sessions taking place in the Saudi capital on Sunday and Monday — will “spotlight global challenges and opportunities,” according to the organizers.
Halving previously occurred in 2012, 2016, and 2020, where Bitcoin’s value surged approximately 93-fold, 30-fold, and 8-fold, respectively, from its price on the day of the halving to its peak in each cycle, as per data by Coin Metrics.
The bitcoin market on Friday engineered the “halving” of the reward for operating the cryptocurrency, a much-anticipated step designed to limit production and boost the digital money.
The cryptocurrency has enjoyed a strong run in recent months
The world’s largest cryptocurrency rose as much as 5.16% to $47,667
Bitcoin’s price reached as high as $52,079 on Wednesday, its latest 25-month high
Investor enthusiasm for crypto was rekindled in recent months
MOSCOW, February 12. /TASS/. The price of Bitcoin gained 3.83% during the trading session on Monday and reached $50,062, according to CoinDesk portal trading data.
By: George.E. Alison, journalist and economical expert In the ever-evolving world of cryptocurrency, 2024 is…
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