The Bitcoin network has completed its fourth "halving."both had tough runs last week, falling 3.05% and 5.52%, respectively. The Nasdaq lost 2% on Friday alone, led down by, which has less tech exposure than the other two indexes, ended the week little changed. This week, investors will be watching major economic updates and earnings, with GDP due out on Thursday and a key inflation reading coming on Friday. Followof the S&P 500 slated to report results this week.
The price of bitcoin was volatile leading up to the event, but many investorsin the months ahead, based on what happened after previous halvings. Such incidents happen every four years and are meant to stave off inflation.— including roughly a dozen publicly traded miners on the network and thousands of smaller, private ones — are constantly racing to process transactions and get paid in new bitcoin, which means they'll be the first to feel the impact of the halving.Former U.S.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: NBCLA - 🏆 319. / 59 Read more »
Source: wjxt4 - 🏆 246. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »