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The Week After the First Bitcoin Halving Since 2020 Saw a Rise in Cryptocurrency Prices

Since the network completed its fourth halving on Friday, which lowers the incentives given to bitcoin miners, the price of bitcoin increased marginally to start the week.

The cryptocurrency’s price was last 1.8% higher at $65,891.28. At $3,198.06, ether increased 1.5%.

After rising to the close on Friday ahead of the halving, which happened later that day, shares of open cryptocurrency miners saw a boost premarket on Monday. The two largest miners, Riot Platforms and Marathon Digital, saw gains of roughly 5% and 3%, respectively. Iris Energy saw a 4% increase, while CleanSpark saw a 3% increase.

Source (CNBC)

SourceCNBC
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