To the Moon and Back: Will Halving Affect Bitcoin Price?
In less than a week, the much talked about halving will come and go. Nonetheless, haggling about the price of Bitcoin will remain. There seems to be more Bitcoin enthusiasts who share insinuations that the halving will shoot the price to the moon than those who think it will go to the loom - or at least let the price remain unaffected. Each camp is clear and certain of the picture it has. What is dicey, however, is which to follow of both camps, especially if you are a Bitcoin enthusiast with a keen interest in what becomes of the digital currency. It is nearly unimaginable what the price....
Related News
Back in May, Bitcoin.com received some intriguing answers when we asked a bunch of cryptocurrency enthusiasts what they would do if one bitcoin reached a value of $10,000 USD. Now, in yet another installment of ‘Bitcoiners Respond,’ Bitcoin.com asked how will the approaching block reward halving affect BTC price. The latest question was asked on various....
A solid rise has made its way into the bitcoin books. Following our previous price piece, bitcoin was hovering around $645 but has now shot up to about $672 at press time. The Halving: Possible Bitcoin Price Movements to Come. In a discussion of the recent halving, one source says it best: “Bitcoin price holds steady, and the reward halving has not seen any surprises in the mining sector. Price seems to be preparing for advance – not today – so, time to do something else than check the Bitcoin price chart like a squirrel for nuts… The ‘halvening’ caused no immediate fireworks, other than....
A day to block reward halving, Hashflare has become one of the first Bitcoin mining companies to inform their miners that the proposed reduction in the mining reward will affect their payout, though it didn’t say by how much. In a message to its miners via email, Hashflare says: “We would like to remind you that this weekend Bitcoin mining reward will be reduced by 50%. This process, namely halving, is a part of Bitcoin system script and occurs every 210 000 blocks. The last halving was 4 years ago and the block reward went down to 25 BTC from 50 BTC. “The halving will occur on Saturday,....
The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these. Bitcoin Price Trends For Previous Halvings There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012, the second happened....
2016 has become a year of revival for the bitcoin price. At a press time total of $640, the price of bitcoin is up nearly 50% from its opening on 1st January. While macroeconomic factors including uncertainty in China and Europe have arguably played a role, there may be no bigger influence than the upcoming halving, a rare network event that will occur this weekend. While nobody knows for certain how the long-awaited reduction in rewards to miners will affect the network, market experts offered a range of predictions when speaking with CoinDesk on how it may impact the price of bitcoin.....