What to Expect When the Bitcoin Halving Happens
It's an event that brings equal parts predictability and uncertainty. For close to a year, bitcoin miners and investors have been preparing for a network change nicknamed 'the halving'. At approximately 18:00 UTC tomorrow, the subsidy the bitcoin network uses to compensate miners will drop from 25 BTC to 12.5 BTC, never to increase again. Yet, despite its scheduled arrival, many in the industry remain unsure just how significant an impact it could have on bitcoin's still-volatile price and the health of the distributed payment network's transaction validators (aka miners). A programmed....
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Bitcoin has now successfully undergone its fourth halving event, with miners’ block rewards slashed in half again (from 6.25 to 3.125 BTC). The Bitcoin halving (also called “the halvening”) is programmed to happen every 210,000 blocks – approximately every four years. With miners set to receive 50% fewer BTC, the rate of Bitcoin creation will […]
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....
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