On Saturday, the long-awaited halving took place in the bitcoin network. Miners’ remuneration for mining a block decreased by half to 3.125 BTC.
The cryptocurrency market has seen weak trader activity in recent days. Many experts predicted sell-offs on the background of halving.
However, the market, on the contrary, turned out to be stable, and on Sunday some digital currencies even added in value. The BTC exchange rate, on the night of Monday, April 22, strengthened to $64,671.
Ether (ETH) was trading at $3138 at the time this review was published.
Binance Coin (BNB) and Solana (SOL) rose to $573 and $149, respectively. The total capitalization of cryptocurrencies is approaching $2.5 trillion.
There was no reset as the market was ready to halve, said LMAX Group strategist Joel Krueger.
JPMorgan Chase & Co and Deutsche Bank AG predicted last week that the current price of BTC takes into account the approaching reduction in miner rewards.
Crypto.com CEO Chris Marszalek admitted to selling in the crypto market on Friday.
On Bloomberg TV, he emphasized that some investors may dump accumulated bitcoins or other virtual currencies. However, the sales will be moderate and will not be able to provoke a chain reaction.