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Changpeng Zhao Binance CEO Anticipates A Historic High For Bitcoin In 2025

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It seems that the cryptocurrency community should prepare itself for a long recovery period for BTC (Bitcoin).

As the BTC halving draws near, Changpeng Zhao is riddled with doubts about whether Bitcoin can attain a new maximum by the end of next year.

READ ALSO:Unlocking Crypto Wealth: How to Earn Cryptocurrencies without an Initial Investment

A Bitcoin halving occurs when the benefits given to miners for the processing and verification of activities on the blockchain are cut in half.

Bitcoin halving occurs almost every 4 years or approximately at every 210,000 blocks mined.

In Brief

  • According to calculations, the next BTC halving will likely occur in April of next year and the major reward will reduce from 6.25 Bitcoin to 3.125 Bitcoin.
  • The upcoming halving affects everything ranging from the value of Bitcoin to the profitability of mining new coins.
  • Binance Boss went further to state that possibly, the market will have to face anxiety, hype, hope, and expectations as the price of Bitcoin wouldn’t recover fast after its halving.
  • However, he advises the community to brace themselves as the market will possibly face a bull run. According to him, the year after Bitcoin halves, the price of Bitcoin will hit multiple all-time highs (ATH).
  • No known cause for the multiple all-time high follows after a BTC halving since history can’t forecast the future says Binance CEO.

What’s Happening In Crypto Today?

Even with all the speculations surrounding its halving, Bitcoin is right now trending at the price of $27,467.70, while recording a decline of 1.29% in market cap and an increase in trading volume by 45.14%.

On the side of Ethereum, it is right now changing hands at $1,589.00, with a drop in market cap by 2.02% and an increase in trading volume by 59.89%.

  • Whereas, Toncoin is at this moment trading at $1.99, with a slight drop in market cap by 1.70% and an increase in trading volume by 41.85%.
  • The price of Dai at the time of this writing is at $0.999, with a slight drop in market cap by 0.03% and an increase in trading volume by 49.57%.
  • Meanwhile, Polygon is trending right now at the price of $0.537, with a decline in market cap by 4.27% and a slight increase in trading volume by 2.66%.
  • On the other hand, Polkadot is changing hands at the price of $3.86, while it records a decline in market cap by 3.51% and an increase in trading volume by 95.24%.
  • , Litecoin is right now selling at $63.21, with a slight drop in market cap by 3.21% and an increase in trading volume by 8.62%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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