The digital asset was up 1.6 per cent over a 24-hour period late Friday afternoon in advance of the halving event, which will cut the rewards for successfully mining a new block of transactions in half. It is expected to occur late Friday or early Saturday. (The Logic)

Talking point: Halving events take place every four years, increasing the scarcity of the digital asset. Historically, these events have preceded bull runs for Bitcoin and the rest of the crypto sector. This time, however, industry watchers are debating whether the halving might already be priced in. For the first time in its history, Bitcoin’s price increased before the upcoming halving, buoyed by the launch of Bitcoin ETFs in the U.S. in January. Wall Street giants JPMorgan and Goldman Sachs have cautioned against assuming the pattern of bull runs following halving events will hold this time around.