Bitcoin Halving 2024: It's Happening! What is the Impact?
After a long wait, the fourth Bitcoin halving event has finally occurred. The Bitcoin halving is a very important event in the history of this cryptocurrency, as it will affect the future supply and price of Bitcoin.
Bitcoin Halving Event 2024
The 2024 Bitcoin halving event occurred on March 11, 2024, after the 840,000th Bitcoin block was mined.
At that time, Bitcoin mining rewards were reduced from 6.25 BTC to 3.125 BTC per block. This means that the number of new Bitcoins entering the crypto market each day will be halved.
Impact of Bitcoin Halving 2024
The 2024 Bitcoin halving event is expected to have some impact on the Bitcoin price. First, Bitcoin halving can cause Bitcoin prices to rise in the long term. This is because the reduced supply of Bitcoin will make this crypto currency increasingly scarce, so the price will tend to rise.
Second, Bitcoin halving may cause Bitcoin price volatility to increase in the short term. This is because the market will react to changes in Bitcoin supply, so the Bitcoin price can experience greater fluctuations.
Third, Bitcoin halving may cause interest in Bitcoin to increase. This is because the Bitcoin halving event will make headlines around the world, so it will attract more people's attention to this cryptocurrency.
