Bitcoin Rises. Ahead of Bitcoin’s halving

Cryptocurrency Blockchain

It will be time to dirt off the ones Bitcoin $10K hats. Ahead of Bitcoin's "halving," the crypto is making a new post-crash high today, up 2.6% to $9,231 - that's up about 85% from the mid-March low.

To review, a Bitcoin halving cuts in half of the rewards miners get for processing transactions, hence slowing the charge at which new tokens are created. They occur roughly every 4 years, and fans trust the next one could come as soon as May 12.

Bulls will note that Bitcoin rose about 1,000% in the 12 months following its first halvings in 2012 and 2016.

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