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Litecoin’s Halvening Price Drop Is No Proxy for Bitcoin Next Year

After Litecoin's halving event, its price dropped, as the halving event caused the miners' rewards to be halved. However, this doesn't necessarily mean that Bitcoin will have a similar outcome in its halving event next year. Historically, Litecoin's price has fallen after halving, while Bitcoin has often experienced rebounds before and after these events. Additionally, Bitcoin has received a boost due to BlackRock's application for a Bitcoin exchange-traded fund.

Bitcoin Bitcoin $98,847.29
+1.67%
Litecoin Bitcoin BlackRock
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