Halving countdown, what is the current situation in the cryptocurrency circle?

Bitcoin prices have fluctuated violently recently, and on April 14, they once fell below the integer mark of 60,000 US dollars. Affected by this, the crypto market once again ushered in a liquidation amount of over 100 million. As of press time, the price of Bitcoin rebounded to 66,700 US dollars. It is worth noting that there is less than a week left before the fourth halving of Bitcoin. The halving event will lead to a reduction in miners' rewards, which will directly affect the circulation speed of Bitcoin.

Bitcoin halving cycle

Bitcoin halving usually occurs every four years or every 210,000 production. When Bitcoin is halved, the newly produced Bitcoin will be reduced by half. In other words, the reward for miners to verify transactions and add them to the blockchain is reduced by 50%.