BitcoinHalvingEvent
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#bitcoinhalving #BitcoinHalvingEvent 2days 8hours left, if the price will go higher, what is the lowest price should buy?
After the Bitcoin halving event in 2024, various predictions suggest different outcomes for Bitcoin’s price. Here’s a summary of what some experts and analyses are forecasting:
Short-Term Increase: CoinCodex predicts that Bitcoin’s price could see a slight increase in the month leading up to the halving event. One month after the halving, Bitcoin is forecasted to trade at approximately $74,600, which would be an 11.1% increase from its current price.
Long-Term Rally: Following the minor retracement a month after the 2024 halving, there’s an expectation of a 14-month-long rally leading to a new all-time high at approximately $179,000 by August 2025.
Market Patterns: While there’s no clear trend for Bitcoin’s price immediately after each halving, BTC has trended higher during each new halving cycle so far. Significant blockchain protocol events like Bitcoin halvings tend to have a considerable influence on the price of cryptocurrencies.
After the Bitcoin halving event in 2024, various predictions suggest different outcomes for Bitcoin’s price. Here’s a summary of what some experts and analyses are forecasting:
Short-Term Increase: CoinCodex predicts that Bitcoin’s price could see a slight increase in the month leading up to the halving event. One month after the halving, Bitcoin is forecasted to trade at approximately $74,600, which would be an 11.1% increase from its current price.
Long-Term Rally: Following the minor retracement a month after the 2024 halving, there’s an expectation of a 14-month-long rally leading to a new all-time high at approximately $179,000 by August 2025.
Market Patterns: While there’s no clear trend for Bitcoin’s price immediately after each halving, BTC has trended higher during each new halving cycle so far. Significant blockchain protocol events like Bitcoin halvings tend to have a considerable influence on the price of cryptocurrencies.
Via Glassnode on X
Whilst the fourth halving is pre-determined to occur at block-height 840,000, the exact date is unknown due to the natural variability and probabilistic nature of mining blocks.
Our best estimate given the current average block interval is that the halving is now 100-days away. #BitcoinHalvingEvent
Whilst the fourth halving is pre-determined to occur at block-height 840,000, the exact date is unknown due to the natural variability and probabilistic nature of mining blocks.
Our best estimate given the current average block interval is that the halving is now 100-days away. #BitcoinHalvingEvent
interesting facts about #BitcoinHalvingEvent
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5 Phases of The Bitcoin Halving
1. Pre-Halving Downside
The Pre-Halving Downside phase is officially over
It ended with this week's new Weekly Candle Close
Bitcoin has now officially transitioned into the Pre Halving Rally phase
2. Pre-Halving Rally
Approximately 63 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
With the recent Bitcoin breakout, it appears Bitcoin is even slightly ahead of schedule
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
3. Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a couple of weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks, making investors question whether the Halving was a bullish catalyst on price after all
4. Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
5. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
SOURCE: REKT CAPITAL ON X
$BTC
#Crypto #Bitcoin #bitcoinhalving
1. Pre-Halving Downside
The Pre-Halving Downside phase is officially over
It ended with this week's new Weekly Candle Close
Bitcoin has now officially transitioned into the Pre Halving Rally phase
2. Pre-Halving Rally
Approximately 63 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
With the recent Bitcoin breakout, it appears Bitcoin is even slightly ahead of schedule
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
3. Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a couple of weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks, making investors question whether the Halving was a bullish catalyst on price after all
4. Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
5. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
SOURCE: REKT CAPITAL ON X
$BTC
#Crypto #Bitcoin #bitcoinhalving
The following are the price increases that BTC experienced six months after each halving
$BTC
The first halving of Bitcoin occurred on November 28, 2012, coinciding with a Bitcoin price of roughly $12. Within six months, by around May 28, 2013, the price had experienced a notable surge, reaching approximately $130, reflecting a substantial increase.
The Second Bitcoin halving took place on July 9, 2016, with Bitcoin priced at around $660. By approximately January 9, 2017, the price had climbed to about $900, demonstrating significant value growth over the span of six months.
As for the third halving on May 11, 2020, Bitcoin was priced at approximately $8,600. Six months later, around November 11, 2020, the price had surged to over $15,700, indicating substantial appreciation in value.
#BTC #BitcoinHalvingEvent
The first halving of Bitcoin occurred on November 28, 2012, coinciding with a Bitcoin price of roughly $12. Within six months, by around May 28, 2013, the price had experienced a notable surge, reaching approximately $130, reflecting a substantial increase.
The Second Bitcoin halving took place on July 9, 2016, with Bitcoin priced at around $660. By approximately January 9, 2017, the price had climbed to about $900, demonstrating significant value growth over the span of six months.
As for the third halving on May 11, 2020, Bitcoin was priced at approximately $8,600. Six months later, around November 11, 2020, the price had surged to over $15,700, indicating substantial appreciation in value.
#BTC #BitcoinHalvingEvent
📢Urgent Bitcoin Alert📢: The Time to Buy 🚀is Now—Here’s Why!
The decision to always buy or long $BTC based on today's news should be approached with caution. The current cryptocurrency market shows a mix of developments and sentiment, which could affect Bitcoin's price in various ways.
Recent trending news highlights include:
- MetaMask has implemented real-time security alerts to protect its users, indicating a focus on security in the crypto space.
$PYTH Network is providing DeFi developers with access to real-time Bitcoin ETF price feeds, bridging the gap between traditional finance and decentralized finance.
- Cryptocurrency values surged with the official approval of a Bitcoin exchange-traded fund (ETF), indicating positive market sentiment towards Bitcoin.
However, the crypto market is highly volatile and influenced by numerous factors, including regulatory news, market sentiment, technological advancements, and more. While positive developments such as the approval of a Bitcoin ETF can lead to increased optimism and potential price surges, it's crucial to stay informed and consider a wide range of factors before making investment decisions.
Always consider diversifying your investment to manage risk and consult with a financial advisor to tailor investment decisions to your personal financial situation and goals.
#Write2Earn #TrendingTopic #BlockchainPower #BullRun2024 #BitcoinHalvingEvent
The decision to always buy or long $BTC based on today's news should be approached with caution. The current cryptocurrency market shows a mix of developments and sentiment, which could affect Bitcoin's price in various ways.
Recent trending news highlights include:
- MetaMask has implemented real-time security alerts to protect its users, indicating a focus on security in the crypto space.
$PYTH Network is providing DeFi developers with access to real-time Bitcoin ETF price feeds, bridging the gap between traditional finance and decentralized finance.
- Cryptocurrency values surged with the official approval of a Bitcoin exchange-traded fund (ETF), indicating positive market sentiment towards Bitcoin.
However, the crypto market is highly volatile and influenced by numerous factors, including regulatory news, market sentiment, technological advancements, and more. While positive developments such as the approval of a Bitcoin ETF can lead to increased optimism and potential price surges, it's crucial to stay informed and consider a wide range of factors before making investment decisions.
Always consider diversifying your investment to manage risk and consult with a financial advisor to tailor investment decisions to your personal financial situation and goals.
#Write2Earn #TrendingTopic #BlockchainPower #BullRun2024 #BitcoinHalvingEvent
Bitcoin hits new all-time high, experts predict bullish outlook
• Bitcoin's price reached a new all-time high of $69,000 on Tuesday, sparking discussions about its future trajectory.
• Some analysts believe this time is different from the previous all-time high in November 2021, citing strong momentum for spot bitcoin ETFs and steady inflows from institutional investors.
• The upcoming bitcoin halving, where rewards to miners will be cut in half, is also seen as a positive factor, historically leading to months of uptrend.
• However, some experts caution that a short-term correction may occur before a further push towards $100,000, with a potential retracement to the mid-$40,000 level.
#BTC
#BitcoinHalvingEvent
• Bitcoin's price reached a new all-time high of $69,000 on Tuesday, sparking discussions about its future trajectory.
• Some analysts believe this time is different from the previous all-time high in November 2021, citing strong momentum for spot bitcoin ETFs and steady inflows from institutional investors.
• The upcoming bitcoin halving, where rewards to miners will be cut in half, is also seen as a positive factor, historically leading to months of uptrend.
• However, some experts caution that a short-term correction may occur before a further push towards $100,000, with a potential retracement to the mid-$40,000 level.
#BTC
#BitcoinHalvingEvent
This #Bitcoin bull market is just getting started...
But expect the unexpected. The market can face some bearish trend.
#TrendingTopic #BullishTimesAhead #HalvingHorizons #BitcoinHalvingEvent $BTC
But expect the unexpected. The market can face some bearish trend.
#TrendingTopic #BullishTimesAhead #HalvingHorizons #BitcoinHalvingEvent $BTC
#BTC #BitcoinIsForEveryone #BitcoinHalving2024 #bitcoinhalvingday #BitcoinHalvingEvent $BTC
*📌 Another Important Reminder*
*Bitcoin Halving is just 52 Days away.*
Exactly in less than two months, the *Bitcoin Halving Event*, which is a special occasion in the Cryptocurrency Market, will be held.
So, a little bit *go behind the charts and look at the history* time is right, friend. . .
This time it's much hotter than we thought 🔥*
*📌 Another Important Reminder*
*Bitcoin Halving is just 52 Days away.*
Exactly in less than two months, the *Bitcoin Halving Event*, which is a special occasion in the Cryptocurrency Market, will be held.
So, a little bit *go behind the charts and look at the history* time is right, friend. . .
This time it's much hotter than we thought 🔥*
#BTC
#ETH
#ETF
unless something changes
drastically, $49k may have been the top.
This is important. Historically #Bitcoin will
pullback going into the
#BitcoinHalvingEvent
1st halving - 48%,
-40%, -48%, and now the halving is a few
months away. I'm going with $28.8k
summer lows as my main target for some
wick action, but 34k, 32k, 30k, this isn't
for #Leverage so it makes little difference
to me in the long run. Some time has
passed since my last post, but nothing has
changed. We are right on track. $BTC
$FIL
$FTM $SOL $BLUR
@Krypto1signal
#ETH
#ETF
unless something changes
drastically, $49k may have been the top.
This is important. Historically #Bitcoin will
pullback going into the
#BitcoinHalvingEvent
1st halving - 48%,
-40%, -48%, and now the halving is a few
months away. I'm going with $28.8k
summer lows as my main target for some
wick action, but 34k, 32k, 30k, this isn't
for #Leverage so it makes little difference
to me in the long run. Some time has
passed since my last post, but nothing has
changed. We are right on track. $BTC
$FIL
$FTM $SOL $BLUR
@Krypto1signal
What is the Bitcoin Halving?
Halving 1 Genesis Block Jan 3, 2009 BTC halving Date
Halving 2 210,000 Block Height Nov 28, 2012 BTC halving Date
Halving 3 420,000 Block Height July 9, 2016 BTC halving Date
Halving 4 630,000 Block Height May 11, 2020 BTC halving Date
Halving 5 840,000 Block Height 2024 ______ BTC halving Date
The Bitcoin Halving, also known as the "Halvening," is a programmed occurrence in the Bitcoin protocol that occurs every 210,000 blocks, approximately every four years. It reduces the reward that miners receive for verifying blockchain transactions. This process is intended to manage the creation of new bitcoins and uphold their scarcity, thereby ensuring a limited BTC supply.
Essentially, the halving halves the BTC rewards granted to miners. In the original Bitcoin whitepaper released by the pseudonymous Satoshi Nakamoto in 2008, it was stipulated that there would be a fixed supply of 21 million bitcoins. This fixed supply mechanism was implemented to prevent inflation and emulate the scarcity of precious metals such as gold. By controlling the pace at which new bitcoins are produced, the protocol strives to establish a deflationary currency with the potential to maintain or increase its value over time.
Therefore, the Halving plays a crucial role in regulating the pace at which new bitcoins enter circulation, progressively slowing down the generation of new coins. When Bitcoin was initially introduced in 2009, miners were rewarded with 50 BTC for each block they successfully added to the blockchain. The first Halving event occurred in 2012, reducing the block reward to 25 BTC. Subsequent Halvings in 2016 and 2020 further decreased the reward to 12.5 and 6.25 bitcoins, respectively. The upcoming Bitcoin Halving will reduce the block reward to 3.125 BTC and is anticipated to take place in April 2024 (when the block height reaches 840,000).
$BTC $ETH $BNB
#BTC #BitcoinETFapproved #BitcoinHalvingEvent #BTCETFSPOT #MemeCoinAnalysis
Halving 1 Genesis Block Jan 3, 2009 BTC halving Date
Halving 2 210,000 Block Height Nov 28, 2012 BTC halving Date
Halving 3 420,000 Block Height July 9, 2016 BTC halving Date
Halving 4 630,000 Block Height May 11, 2020 BTC halving Date
Halving 5 840,000 Block Height 2024 ______ BTC halving Date
The Bitcoin Halving, also known as the "Halvening," is a programmed occurrence in the Bitcoin protocol that occurs every 210,000 blocks, approximately every four years. It reduces the reward that miners receive for verifying blockchain transactions. This process is intended to manage the creation of new bitcoins and uphold their scarcity, thereby ensuring a limited BTC supply.
Essentially, the halving halves the BTC rewards granted to miners. In the original Bitcoin whitepaper released by the pseudonymous Satoshi Nakamoto in 2008, it was stipulated that there would be a fixed supply of 21 million bitcoins. This fixed supply mechanism was implemented to prevent inflation and emulate the scarcity of precious metals such as gold. By controlling the pace at which new bitcoins are produced, the protocol strives to establish a deflationary currency with the potential to maintain or increase its value over time.
Therefore, the Halving plays a crucial role in regulating the pace at which new bitcoins enter circulation, progressively slowing down the generation of new coins. When Bitcoin was initially introduced in 2009, miners were rewarded with 50 BTC for each block they successfully added to the blockchain. The first Halving event occurred in 2012, reducing the block reward to 25 BTC. Subsequent Halvings in 2016 and 2020 further decreased the reward to 12.5 and 6.25 bitcoins, respectively. The upcoming Bitcoin Halving will reduce the block reward to 3.125 BTC and is anticipated to take place in April 2024 (when the block height reaches 840,000).
$BTC $ETH $BNB
#BTC #BitcoinETFapproved #BitcoinHalvingEvent #BTCETFSPOT #MemeCoinAnalysis
Less than 2 months left until Bitcoin halving ⏳
At the current block mining time $BTC halving will happen in 59 days or on April 7, 2024. Since the beginning of the current halving period, the price grew 396% whilst during past halvings it grew for at least 1240%.
If the Bitcoin price grows as much as it did during the past halvings, one BTC would be worth at least $115,000 in April.
#btchalving #BitcoinHalvingEvent #BTCHALVING #Halving #Halving2024
At the current block mining time $BTC halving will happen in 59 days or on April 7, 2024. Since the beginning of the current halving period, the price grew 396% whilst during past halvings it grew for at least 1240%.
If the Bitcoin price grows as much as it did during the past halvings, one BTC would be worth at least $115,000 in April.
#btchalving #BitcoinHalvingEvent #BTCHALVING #Halving #Halving2024
Should you buy Bitcoin before the halving?
Should you buy Bitcoin before the halving?
It's a tempting question, with Bitcoin's price historically rising around halvings. But remember, crypto is volatile! Here's a quick breakdown:
Potential upsides:
Reduced supply: Halvings cut new Bitcoin in half, potentially increasing demand and price.
Stronger network: Bitcoin's tech and security are maturing, attracting more investors.
Long-term potential: Bitcoin is still young, with room for significant growth.
Potential downsides:
Unpredictable market: Past performance doesn't guarantee future gains. Bitcoin could drop.
Already priced in: Some say the halving's impact is already factored into the price.
Other options exist: Diversifying across asset classes can mitigate risk.
Ultimately, it's your call. Weigh the risks and rewards carefully, and base your decision on your own financial situation and risk tolerance. Remember, only invest what you can afford to lose!
P.S. Do your own research before investing in any asset, including Bitcoin.
#bitcoin #binance #BitcoinHalvingEvent #DYOR。
It's a tempting question, with Bitcoin's price historically rising around halvings. But remember, crypto is volatile! Here's a quick breakdown:
Potential upsides:
Reduced supply: Halvings cut new Bitcoin in half, potentially increasing demand and price.
Stronger network: Bitcoin's tech and security are maturing, attracting more investors.
Long-term potential: Bitcoin is still young, with room for significant growth.
Potential downsides:
Unpredictable market: Past performance doesn't guarantee future gains. Bitcoin could drop.
Already priced in: Some say the halving's impact is already factored into the price.
Other options exist: Diversifying across asset classes can mitigate risk.
Ultimately, it's your call. Weigh the risks and rewards carefully, and base your decision on your own financial situation and risk tolerance. Remember, only invest what you can afford to lose!
P.S. Do your own research before investing in any asset, including Bitcoin.
#bitcoin #binance #BitcoinHalvingEvent #DYOR。
#HODL!
NEVER sell your #BTC EVER!
Almost a year ago I Tweeted on X (check the screenshot),that $30000 is still cheap!
How many of you bought #BTC at that time?
I did!
And now? It's double profit and a few thousand bucks!
Will Bitcoin break $69000 it's ATH Any soon? Trust me it will sooner than you think.
Probably before the #Btchalving
FOLLOW ME for more insights.
#TrendingTopic #write2earn #BitcoinHalvingAlerts #BitcoinHalvingEvent
#254CryptoCurious
NEVER sell your #BTC EVER!
Almost a year ago I Tweeted on X (check the screenshot),that $30000 is still cheap!
How many of you bought #BTC at that time?
I did!
And now? It's double profit and a few thousand bucks!
Will Bitcoin break $69000 it's ATH Any soon? Trust me it will sooner than you think.
Probably before the #Btchalving
FOLLOW ME for more insights.
#TrendingTopic #write2earn #BitcoinHalvingAlerts #BitcoinHalvingEvent
#254CryptoCurious
i hope this year will be a good year ! #Write2Earn #TrendingTopic #BitcoinHalvingEvent #BTC #ETH $BTC $ETH $BNB
Unlocking the mystery of Bitcoin halving: a journey into scarcity, rewards, and the fascinating history behind digital gold.
Embarking on the captivating realm of Bitcoin, let's unravel the significance of Bitcoin halving—a masterful stroke by the mysterious Satoshi Nakamoto. Whether Nakamoto is an individual or a collective, the mission is clear: mirror the scarcity-driven allure found in precious commodities like gold.
Much like gold's limited supply enhancing its value, Nakamoto designed Bitcoin halving to ensure scarcity. Approximately every 210,000 mined blocks, miners—the backbone of Bitcoin—witness reduced rewards, directly impacting new Bitcoin creation.
Approaching the 21 million Bitcoin cap, each halving event becomes pivotal, accentuating Bitcoin's scarcity. With about 19 million bitcoins in circulation, diminishing rewards emphasize scarcity, potentially influencing Bitcoin's market dynamics and price.
Here's an intriguing fact: Did you know that the first Bitcoin halving occurred in 2012 when the mining reward dropped from 50 to 25 bitcoins? This milestone marked a transformative moment in Bitcoin's history, shaping its journey to digital gold.
Anticipating the next Bitcoin halving, the crypto community eagerly awaits this decentralized event, historically associated with market anticipation and subsequent price movements.
In the dynamic crypto landscape, understanding Bitcoin halving unveils Nakamoto's deliberate strategy and its potential impact on the digital gold narrative. Stay tuned for more chapters in Bitcoin's remarkable journey!
Note: The information provided is based on historical patterns, and the next Bitcoin halving is anticipated in April 2024. $BTC
#TrendingTopic #BTC #Bitcoin #BitcoinHalvingEvent #BitcoinHistory
Embarking on the captivating realm of Bitcoin, let's unravel the significance of Bitcoin halving—a masterful stroke by the mysterious Satoshi Nakamoto. Whether Nakamoto is an individual or a collective, the mission is clear: mirror the scarcity-driven allure found in precious commodities like gold.
Much like gold's limited supply enhancing its value, Nakamoto designed Bitcoin halving to ensure scarcity. Approximately every 210,000 mined blocks, miners—the backbone of Bitcoin—witness reduced rewards, directly impacting new Bitcoin creation.
Approaching the 21 million Bitcoin cap, each halving event becomes pivotal, accentuating Bitcoin's scarcity. With about 19 million bitcoins in circulation, diminishing rewards emphasize scarcity, potentially influencing Bitcoin's market dynamics and price.
Here's an intriguing fact: Did you know that the first Bitcoin halving occurred in 2012 when the mining reward dropped from 50 to 25 bitcoins? This milestone marked a transformative moment in Bitcoin's history, shaping its journey to digital gold.
Anticipating the next Bitcoin halving, the crypto community eagerly awaits this decentralized event, historically associated with market anticipation and subsequent price movements.
In the dynamic crypto landscape, understanding Bitcoin halving unveils Nakamoto's deliberate strategy and its potential impact on the digital gold narrative. Stay tuned for more chapters in Bitcoin's remarkable journey!
Note: The information provided is based on historical patterns, and the next Bitcoin halving is anticipated in April 2024. $BTC
#TrendingTopic #BTC #Bitcoin #BitcoinHalvingEvent #BitcoinHistory
🔴 3 Major Events Coming Soon:
These events will change the crypto game.
1️⃣ Bitcoin ETF approval:
Rumors say the date expected between 5th and 10th of January.
2️⃣ USA Interest Rates:
Lowering interest rates expected on the first quarter of 2024.
3️⃣ Bitcoin Halving Date:
17th of April, mark thus day well as we could witness the beginning of the Bull Run.
⚪️ These 3 events are the major upcoming events to keep an eye on. Prices will be definitely affected. Use the coming months to increase wisely your crypto portfolio.
All The Best 💰
#BitcoinHalvingEvent #InterestRateSpeculation #ETFApprovalHype
$BTC
These events will change the crypto game.
1️⃣ Bitcoin ETF approval:
Rumors say the date expected between 5th and 10th of January.
2️⃣ USA Interest Rates:
Lowering interest rates expected on the first quarter of 2024.
3️⃣ Bitcoin Halving Date:
17th of April, mark thus day well as we could witness the beginning of the Bull Run.
⚪️ These 3 events are the major upcoming events to keep an eye on. Prices will be definitely affected. Use the coming months to increase wisely your crypto portfolio.
All The Best 💰
#BitcoinHalvingEvent #InterestRateSpeculation #ETFApprovalHype
$BTC
What is a block halving event?
As part of Bitcoin's coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced (approximately every 10 minutes). When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners.
After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140).
As of now, the block reward is 6.25 coins per block and will decrease to 3.125 coins per block post halving.
#BTC #BitcoinHalvingEvent #BinanceTournament #CryptoisBetter $BTC
As part of Bitcoin's coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced (approximately every 10 minutes). When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners.
After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140).
As of now, the block reward is 6.25 coins per block and will decrease to 3.125 coins per block post halving.
#BTC #BitcoinHalvingEvent #BinanceTournament #CryptoisBetter $BTC
