Traders said the prospect of bitcoin's halving has fueled gains in the asset this year. — Reuters
NEW YORK: Bitcoin slid on May 11 in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.
May 11's "halving" cuts the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. The next halving will be in 2024.
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