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All about Bitcoin halving ๐โ ๐ฏ As Bitcoin halving reduces the rate at which the new supply of Bitcoin entering market circulation, it is believed to have a significant effect on the network as well as on the price of bitcoin. The current price of Bitcoin (BTC) is $69844.2, which is also +0.16% in the last 24 hours, and +7.70% in the past 7 days. For more information, see Bitcoin price now. Historical Dates of Bitcoin Halving In year 2008, Satoshi Nakamoto published the Bitcoin whitepaper โA Peer-to-Peer Electronic Cash Systemโ, introducing the concept of Bitcoin for the first time. In the whitepaper, it is stipulated that Bitcoin halves as every 210,000 blocks are mined, until the whole supply of 21 million Bitcoins are mined Bitcoin halving relates to the reward for Bitcoin miners. When Bitcoin miners validate transactions on the blockchain, they receive a fixed quantity of Bitcoins in return. When 210,000 blocks are validated, the number of Bitcoin that miners receive will be reduced by half. 1. First Bitcoin Halving๐โ 28 November 2012 Bitcoin blocks mined: 210,000 Mining reward: From 50 BTC to 25 BTC Price on halving day: $12.3 Peak price in this cycle: $1,175.0 Maximum bitcoin price increase in this cycle: 9552.85% 2. Second Bitcoin Halving๐โ 9 July 2016 Bitcoin blocks mined: 420,000 Mining reward: From 25 BTC to 12.5 BTC Price on halving day: $648.1 Peak price in this cycle: $19,800.0 Maximum bitcoin price increase in this cycle: 3055.08% 3.Third Bitcoin Halving ๐โ 11 May 2020 Bitcoin blocks mined: 630,000 Mining reward: From 12.5 BTC to 6.25 BTC Price on halving day: $8,560.6 Peak price in this cycle: $ 67,775.3 Maximum bitcoin price increase in this cycle: 791.71% 4.Fourth Bitcoin Halving๐โ May 2024 Bitcoin blocks mined: 840,000 Mining reward: From 6.25 BTC to 3.125 BTC Price on halving day: To be announced Peak price in this cycle: To be announced Maximum bitcoin price increase in this cycle: To be announcedwhat is bitcoin halving โ $BTC #SHIB #WIF #Memecoins #sui #FET
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$DGB /USDT Entry 1 : 0.0143$ Entry 2 : 0.0130$ Target : 0.015$ - 0.017$ - 0.020$ - 0.027$ Sl : 0.0125$ #Memecoins #WIF #SHIB #FET #APT
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$BTC is becoming rarest ๐ฏ There are only 1,770,000 #Bitcoin left on Exchanges... Btc is not available more on exchanges now get ready to buy your btc or regret it later... btc buyers are more than its demand we are going to moon soon ๐ฏโ . #SHIB #BTC #WIF #Memecoins #FET
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#xrp to explode soon ๐๐. 5$ incoming ๐ฏโ XRP, a cryptocurrency developed by Ripple, is primarily used for fast and low-cost cross-border payments and remittances. Its blockchain technology facilitates swift transactions, making it appealing for financial institutions and payment providers seeking efficient international transfers. #BTC #ETH #GALA #BOME $XRP
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