This Week’s Bad Crypto News from Cointelegraph

The recent halving event has taken place, resulting in miners now receiving only 6.25 Bitcoins for each block. With approximately 1,450 days remaining until the next halving, there is anticipation built around this event. Interestingly, this particular halving didn’t appear to negatively impact the market, as the price remained relatively stable, indicating that it may have already been factored in. Predictions of a sudden price drop or an unexpected surge did not materialize, nor did threats from notable figures to destabilize the market.

One noteworthy development post-halving is the withdrawal of 23,540 Bitcoins from exchanges, suggesting that users are gaining confidence in holding their assets in wallets for the long term. However, opinions among experts on this bullish trend are mixed. Some analysts foresee a potential rise in prices, while others predict a short-term decline first.

Overall, the market sentiment continues to evolve as we navigate these changes.