BTC/USD: Bitcoin Rebounds from Dip to $52K as Halving Trade Picks Up. What’s Halving?

OG crypto is approaching what’s called a halving – a moment when mining rewards will get slashed in half.

• Bitcoin prices BTCUSD traded higher to kick off the week, advancing to $52,500 per coin. The fresh upside came after a weak two-day stretch when the orange coin languished near the $50,000 threshold. A two-year high is sitting at $52,800, a level which was hit last week.
• It’s an eventful time to be a crypto trader. First, January made history when the top cop on Wall Street, the Securities and Exchange Commission, gave the go ahead to 11 spot Bitcoin exchange-traded funds. Now, April is looking to leave a mark too with the upcoming halving.
• What’s halving? Halving for Bitcoin is the time when mining rewards will get axed by half. It’s done every four years as a way to push back the moment when we see all 21 million Bitcoin tokens pulled out of their cryptographic hash puzzles. With that, the mining reward for a single block in mid-April will get slashed from 6.25 BTC to 3.125 BTC.