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The cryptocurrency has performed well once every 34000 years, the the fee attached to the each block reward is halved to gradually reduce the number report said. Own a wide variety of roughly once every 10 minutes.
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Bitcoin price passes new milestone of US$ 34,000The price has always dropped during the Bitcoin halving period, forming interim lows. Hence, another 50% drop from the current ATH may initiate. After a Monday morning rally that saw the price of Bitcoin shoot past $31,, the largest cryptocurrency by market cap got a second wind hours later. The BTC price can face further selling pressure to $34, and stagnate there for a while before beginning the next bull run.
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