Bitcoin (BTC-USD) has been on a dream run so far this year and with prices finally scaling the $30,000 mark, another important event is coming up for the crypto major.
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Another Bitcoin halving is around the corner (roughly a year away) and this means a decrease in reward for mining but also a further decrease in its supply. Consequently, the coin becomes even more scarce while the reward for mining a block drops to ~3.12BTC from 6.25BTC.
Separately, Ethereum (ETH-USD) too has a key event lined up with the Shapella upgrade. The software upgrade will help unlock staked ether to the tune of roughly $30 billion. Consequently, any wave of redemption could add a dose of volatility in prices.
After the major bank-run scare last month, the crypto market has again come into its own and with key events lining up traders are possibly already smelling profits in the air. For BTC, a sustained period at $30,000 levels could mean a further price surge over the coming periods.
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