Bitcoin surpasses $56,000 benchmark, uplifts crypto market in latest rally

The bitcoin halving is an event that happens roughly every four years where rewards to miners are cut in halve, effectively limiting supply of the token.Bitcoin, the world's largest cryptocurrency by market cap, extended a rally in Asia trading on Tuesday, reaching a two-year high of over $56,000 and uplifting the broader crypto market amid positive market developments and buying from crypto bulls.The price of bitcoin increased over 10% within two days, according to data from CoinMarketCap, after crypto inv ...