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Headline : Bitcoin price hits $66,000, Ethereum slightly gains after bitcoin halving event

Read more from the original article on here at nairametrics.com.





Tags : #bitcoin #price #hits #66000 #ethereum #slightly #gains #bitcoin #halving #event


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Bitcoin and Ethereum which experienced some volatility prior to the halving event has since resurged in prices with Bitcoin hitting $66,000 in price and Ethereum slightly gaining too.

According to Decrypt, Bitcoin is up 1.6% in the past day hovering around $66,000 and have reached this milestone for the first time in a week.

The cryptocurrency’s block reward halving, which occurred on Friday, saw the reward paid to Bitcoin miners reduced from 6.25 to 3.125 BTC. This is always a catalyst for a bullish crypto market but the effects are felt immediately.

Another significant effect of the halving in the crypto space is the change in transaction fees of bitcoin. For a short time over the weekend after the halving the average fee to send BTC soared to an all-time high of $127 according to Bitinfo charts.

Read more from the original article on here at nairametrics.com.


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