The BTC halving price remained the same after the event as now the Block 630,000 was mined successfully. The miners will receive 6.25 BTC for adding more blocks to the network as we are reading further in the Bitcoin latest news.
Just a few hours after the event, the BTC halving price went fairly turbulent but it seems that it has calmed down for now. Just about 15 hours after the Bitcoin halving took place at the 630,000 block number, the price seems stable. At the time of the event, BTC was changing hands at the $8550 level and even increased to the current levels of $8,750. Bitcoin was trading in a tight range between $8,500 and $8,800 since the halving happened. The first level of support lies at $8,600. If the price continues dropping below the $8,000 level which should provide strong support as it contains the 38% Fib retracement level since the recent recovery from March 12.
From the above said, the first level of major resistance was found in the area between $9,130 and $9,200 which contains the Golden Fib level. Beyond that, the additional resistance is found between $9,400 and $9,500 level. While the situation is still calm at the time of writing, it could be the calm before the storm. Bitcoin’s dominance remained unchanged at 67% which hinted that the altcoins made major strides.
Against the USD, most of the alternative cryptocurrencies are seeing either slight losses between 1%-2% or slight gains in the same range. Against Bitcoin, it seems that the market is waking up as most altcoins are trading in the green. As seen in the charts, Ethereum is up about 2% against BTC while XRP is up by 2% while BNB leads with 6% gains per day. Even though BTC failed to rally right after the halving, the investor sentiment remains bullish. The long-awaited Bitcoin halving came and went, bringing with it a lot of volatility which saw the price of the coin decline 5% to 7% in each direction for the last three hours, leading up to block 630,000.
What is very interesting to note in the Bitcoin halving news is that YouTube canceled the BTC halving live stream for being “harmful content” – again proving that it is a major rabbit hole when it comes to cryptocurrency-related topics.
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