War and Crypto Will Iran Israel crisis swim or sink Crypto ahead of Halving

April 15, 2024 War is the science of destruction former Canadian Prime Minister John Abbott had once said

As the crisis between Iran and Israel brews in the Middle East, escalating fears of an all-out war, the global crypto ecosystem keeps an observant eye on the occurrences just days ahead of the scheduled Bitcoin halving event. The initial repercussions of this conflict in the Middle East have already resulted in Bitcoin’s value dropping by 7.7% to $US 62,773 on Saturday, its lowest point since March

In the coming few days Bitcoin Halving is scheduled to occur and crypto market sentiments are running bullish. Halving is a programmed event where the reward to miners for mining Bitcoins and creating new blocks in the blockchain, gets reduced by 50%. The halving event is scheduled after the completion of every 2,10,000 blocks which roughly takes four years