**: Fast Technology.
According to Sina Financial News, on February 28, local time, Bitcoin shook intraday, once exceeding $64,000, with the largest intraday increase of 13%, refreshing a new high since November 2021.
As of press time, Bitcoin was trading at $62,360, up about 9% on the day.
Since February, all but 8 trading days have been averaged, with a cumulative increase of more than 40% in the month.
Coinglass data shows that in the last 24 hours, nearly 180,000 people in the Bitcoin market have been liquidated, with a total amount of 7300 million US dollars (more than 5.2 billion yuan).
In recent days, Bitcoin has appeared one after another, and industry insiders generally believe that the surge in Bitcoin is related to the upcoming Bitcoin halving after the benefits of Bitcoin spot ETFs are gradually digested.
Bitcoin halving, that is, the block reward is halved, after the first halving, the Bitcoin block reward is reduced to 25BTC, and after the second halving, the Bitcoin block reward is reduced to 125BTC, after the third halving, the Bitcoin block reward was reduced to 625 btc。
And the fourth halving, which will start in April this year, will reduce the Bitcoin block reward to 3125 BTC, at which time the inflation rate of bitcoin will also be significantly reduced.
Editor in charge: Jianjia.