The Halving Month Is Here; What Will Happen to the Bitcoin Price?

The Halving Month Is Here; What Will Happen to the Bitcoin Price?

Another rise in the bitcoin price — since our last price piece, bitcoin has jumped up by about $3, and is hovering around $673 at press time. With the highly-anticipated block reward halving drawing ever-near, this bump might be an indicator for an even larger rally in the coming days. The Halving: What’s Going to Happen? The halving month has finally arrived, and this could potentially be the first of several jumps in the coming days and weeks. While no one is making any real predictions yet, the fact is that there is no going back. Bitcoin has reached ‘the point of no return,’ and....


Related News

Litecoin Halving Set For Aug. 25, 2015: Uncertainties Loom Over Price

Litecoin, a peer-to-peer currency and open-source global payment network, announced it will be halving on Tuesday, Aug. 25, marking what the Litecoin Association calls a milestone in the cryptocurrency's 4-year history. The association has produced a video that describes the halving's significance to Litecoin. After the halving, Litecoin will reward miners 25 coins rather than 50 new coins per block for solving blocks, Litecoin explained in a video. "The halving process doesn't just happen once," the video explained. This process happens every four years for both Litecoin and Bitcoin, as....

The Bitcoin Halving Approaches: Miners BitFury and BTCC Not Concerned

The second-ever Bitcoin block reward halving is estimated to take place in a little under two weeks, and the overall effects of this event are still somewhat of an unknown. There has been a runup in the Bitcoin price over the past month, and many claim this is due to the upcoming halving, where the number of new bitcoins created roughly every 10 minutes is cut in half (from 25 to 12.5). To get some informed opinions about what could happen next, Bitcoin Magazine reached out to BitFury CEO Valery Vavilov and BTCC COO Samson Mow. BitFury manufactures ASIC Bitcoin mining chips (and mines with....

Bitcoiners Respond: How Will the Halving Affect BTC Price?

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....

Halfway To The Halving: What This Means For Bitcoin

Bitcoin halvings are important events that have taken place since the digital asset was first launched in 2009. Since then, there have been a total of three halvings that have seen block reward cut down by half each time. The next bitcoin halving will happen in 2024 which means that the market is halfway there. As this fourth halving draws close, we take a look at how this affects the supply of BTC and in turn, the value of the cryptocurrency. Fourth Halving Coming Up The bitcoin halving is scheduled to happen every 210,000 blocks and the estimate for the next halving is put at May 4th,....

Bitcoin Reward Halving: One More Week to Go

With Bitcoin network scheduled for halving next week, there is an uncertainty about the value of bitcoin after halving. Within one week, the Bitcoin network will undergo a major change. Bitcoin block reward halving is scheduled to happen on the 9th of this month. Once it happens, the mining rewards for discovering each new block by the miners will be reduced to 12.5 freshly minted bitcoins from the existing 25 bitcoins. This will effectively reduce the amount of new bitcoins introduced into circulation. The creator(s) of Bitcoin have deliberately incorporated this feature to ensure the....