Did the hype about halving start? Cryptocurrencies are growing despite markets

In the community, the rumble associated with the approaching halving is slowly beginning. As the number of cryptocurrencies extracted from each block is reduced from 12.5 BTC to 6.25 BTC. This event, which will take place in about 19 days, has historically always started the unstoppable running of the bull. Many investors are therefore reluctant to sell. Despite the fact that oil is experiencing the worst days in its history and US stocks are moving with unusually high uncertainty.

Halving of cryptocurrency BTC attracts

At the beginning of the week, oil was traded in negative numbers for the first time in 80 years under some contracts. This completely new phenomenon was soon remedied with the expiration of the contracts. However, there is still great instability and uncertainty that crosses the market. Thanks to the oil industry, cryptocurrency miners were also supposed to have a problem.

However, for now, it seems that history will repeat the huge hype and bull run associated with halving. Bears have a problem keeping the price below $ 7,000 and everything is starting to develop well for the Bitcoin from a technical point of view.

Some analysts fear that halving will lead to a large black swan in the short term. Too much enthusiasm is, according to some, irrational. The reduced demand will not manifest itself immediately, but only after a few months. The price may therefore enter the deep.

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