The Bitcoin Halving Came and Went

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·@scaredycatguide·
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The Bitcoin Halving Came and Went
On Friday evening (atleast here in the U.S.) the bitcoin halving occurred.  It was a quiet day with no volatility to be found.

Things just trucked along and they mining reward cut in half to 3.125 BTC.

### My mining rewards!?!?

Boy, sometimes I wish I did mine bitcoin, atleast back in the early days.   Now, cost is a big factor for miners but they are still in the green.

Bitcoin is dancing around 64-65K and the average cost for miners is around 53K as of stats for April 20th on  https://en.macromicro.me/charts/29435/bitcoin-production-total-cost 

 https://media.tenor.com/wskgSV5tYCUAAAAC/bitcoin-bull.gif 

I will say this - we often see the price of bitcoin dip below the average cost to mine from time to time, so I wonder if we see one more dip before the next leg up in this bull market.  That is assuming 2024 will indeed be a bull market.

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