In the past few weeks, the cryptocurrency market may have gone through a period of horror, but things have changed this week. Most of the reversal of fortunes may be related to the upcoming Bitcoin halving event.

Why did you jump suddenly?

Due to the market crash caused by the coronavirus, the world’s largest cryptocurrency by market capitalization has been in a downturn in the past few weeks, but it now appears to be expected to reach its previous level. This morning, Bitcoin rose by 1.9% to reach a token of $9,099, which is a good start considering that it rose by 15% yesterday.

Any major rally in Bitcoin will usually follow the rally in other cryptocurrencies, which is exactly what is happening today. Other major cryptocurrencies such as Bitcoin Cash and Litecoin recorded gains for the third consecutive day.In the past few weeks, price movements in the crypto space have been Sync with other asset classes Are classified as risky. However, things have changed drastically this week.Encryption experts suggest that Bitcoin’s rise may be related to Halving event This will be held in May this year.

The halving means that the rewards of Bitcoin miners have been cut by 50%, and once this happens, it usually results in a reduction in the supply of BTC tokens in circulation. Many analysts are considering whether cryptocurrencies will collapse at this time. In fact, it is important to point out that in the past half of the days, cryptocurrencies have shown significant bearish price movements.

>> Since March, Ethereum has soared by more than 125%: what can you expect now?

Having said that, it is also necessary to point out that it is difficult to predict whether BTC will rise or fall on the day of the calming event. However, it should be remembered that a few months after the first two halving events, Bitcoin continued to rebound strongly.

Featured image: DepositPhotos©peshkova

See disclaimer

If you like this article, please click “Share”.

Risk and disclosure:

The information provided in this communication is only used to provide information and is obtained from sources believed to be reliable. Although all information is considered reliable, we cannot guarantee the accuracy of the information. Individuals should assume that all information contained on this website is untrustworthy unless verified by their own independent research. Similarly, because events and circumstances often do not occur as expected, there may be discrepancies between any predictions made or suggested and actual results.

All statements and opinions expressed are those of the author and not the opinions of or its management. The author is solely responsible for the validity of all statements. did not participate in any aspect of the preparation of this article. Market Jar Media Inc did not pay the author for this article. The author did not pay to publish or syndicate this article.

This article does not constitute investment advice. Each reader is encouraged to consult with his or her personal financial advisor; any and all actions taken by the reader as a result of the information provided here are his or her own responsibility. By opening this page, every reader accepts and agrees to’s terms of use and full legal disclaimer. This article is by no means soliciting investment. does not provide general or specific investment advice. Any information on should not be considered as a recommendation to buy or sell any securities. does not endorse or recommend any company’s business, products, services or securities mentioned on

Futures, stocks and options trading involves a lot of risk of loss and is not suitable for all investors. The valuation of futures, stocks, and options may fluctuate, and as a result, the customer’s loss may exceed their original investment and may even lose their entire investment. Nothing on this website should be used as advice or interpreted as providing advice of any kind. It is your responsibility to confirm and decide which transactions to carry out. Before making any investment decision, be sure to consult a licensed investment expert. Be especially careful, investing in securities brings high risks; you may lose part or all of your investment.

See our full disclaimer Here Please understand other details before making any investment decision.