There are 90 blocks left for the Bitcoin halving to be completed: BTC increases 5%
The frenzy over the Bitcoin halving increases as the minutes pass and the crypto community anxiously awaits the arrival of the big event. With 90 blocks left to be processed, the halving will occur in approximately 13 hours.
The halving takes place approximately every four years and its main objective is to control inflation and the total supply of Bitcoin. By reducing the mining reward, the amount of new BTC being introduced to the market is decreased, which helps maintain a balance between demand and supply.
Bitcoin halving is just a few hours away and BTC price reacts higher
The next Bitcoin halving is scheduled to occur within 13 hours, according to data from NiceHash. This will be the fourth such event in the history of the leading cryptocurrency.
At the time of publication, there are only 90 blocks left to be processed for the great 2024 event to be completed.
Read more: Bitcoin Halving 2024: What is it and what can you expect?
