The halving of Bitcoin block size is an important milestone in the cryptosphere. This is mainly because the cryptocurrency is the main trend driver in the industry since it is the dominant coin.
According to an email sent by the cryptocurrency exchange CEX.IO,
Last Thursday, the BTC price reached $7,800 with weekly growth of almost 15%. The number of active wallets in the Bitcoin network currently stands at over 270K — a level not seen since July 2019, when the BTC price was near $13,000.
This recent flurry of activity is no doubt connected with the upcoming halving. It looks like traders and investors are inspired by the upcoming halving, which is less than two weeks away, and aren’t hesitating to buy Bitcoin.
In 2016, the BTC price broke the $800 level after halving and reached the $20,000 mark in December 2017. Is the crypto community waiting for one more price swing? Whatever comes, the BTC halving is going to be a big event.
Whether you’re a trader or not this is a time to pay attention to the coin market and its prospects. There are copy trading platforms that can help you make some gains even though every investment has some risks.