On the eve of halving, the Bitcoin rate fell by 13%, and the commission tripled
On May 10, the day before the halving, within 30 minutes the bitcoin rate collapsed from $ 9560 to $ 8100, but then recovered to $ 8600.
This recession stopped the period the ascent of the BTC, the price of which increased by 38% in April, from $ 6200 to $ 8600, and briefly reached $ 10 in May 000. The situation was aggravated by the fact that such a sharp collapse led to the liquidation of a large number of long positions on high margins, expecting further appreciation. Many traders hoped to make good money on the upcoming halving, but did not take into account that over the past 2 months the bitcoin rate has grown by more than 150%.
At the time of publication, the BTC course is $ 8611.
However, investor expectations the exchanges were also warmed up, which recommended that investors have time to buy military-technical cooperation on favorable terms before the remuneration was reduced.
The increase in sales amid market volatility led to higher transaction fees, which increased by more than 300% from the average, and at their peak exceeded $ 3.
It should also be noted that immediately after the two previous halvings, the bitcoin price fell by 10% and 38%, respectively, but then gradually recovered, reaching new highs..
text: Ivan Malichenko, photo: Shutterstock, charts: TradingView, BitInfoChart