By Matthew Hayward  Price of Bitcoin on this date: $28,092 As the next Bitcoin halving approaches in April 2024, many are left wondering what this event means for the price of Bitcoin, especially given the increased adoption and massive reduction in available supply on exchanges. To understand its potential impact, it is essential to grasp the concept of halving and its historical significance. Bitcoin Halving Explained Bitcoin halving, also known as halvening, is a process that occurs approximately every four years, cutting the rewards miners receive for validating transactions and adding new blocks to the blockchain in half. This event is designed to control inflation and maintain a capped supply of 21 million Bitcoins. Historical Significance Since its inception, there have been three Bitcoin halvings (in 2012, 2016, and 2020). Each time, the event has contributed to a significant price increase. For example, Bitcoin reached an all-time high of almost $69,000 in November 2021, 1...

Crypto adoption is on the rise, and a new partnership aims to make it even easier for users to get involved. Swiss government-owned bank Postfinance has teamed up with Bitcoin Suisse to offer over 25 million users crypto capabilities. This move is in response to the growing demand for digital assets and will allow Postfinance customers to buy, sell, and store cryptocurrencies. In other news, the price of Shiba Inu (SHIB) has surged with trading volume surpassing $420 million. Despite this increase, some whales are reportedly eyeing another coin for potentially larger gains. Meanwhile, Bitcoin (BTC) has held strong above the $28,500 breakout level, and analysts are predicting a bullish trend in the coming days. However, not all news in the crypto world is positive. Another peer-to-peer marketplace, Paxful, has shut down, marking the end of an era. This closure comes as regulators around the world are tightening restrictions on cryptocurrency trading and exchanges, adding further pressur...