$BTC HALVING EVENT

Bitcoin halving is a process that occurs approximately every four years, reducing the reward that miners receive for validating transactions on the Bitcoin network by half. This is programmed into the Bitcoin protocol as a way to control the issuance of new bitcoins and ensure a capped supply.

The Bitcoin halving events have occurred as follows:

1. First Halving (2012): On November 28, 2012, the reward for miners was reduced from 50 to 25 bitcoins per block.

2. Second Halving (2016): On July 9, 2016, the reward further reduced from 25 to 12.5 bitcoins per block.

3. Third Halving (2020): On May 11, 2020, the most recent halving took place, reducing the reward from 12.5 to 6.25 bitcoins per block.

The next Bitcoin halving is expected to occur in 2024, and it will further reduce the block reward to 3.125 bitcoins. These events are significant in the context of Bitcoin's fixed supply and its potential impact on the cryptocurrency's value and the economics of mining.

Usually, with the halving value of Bitcoin for miners, the new ATH can be approximately determined with a range around $110k

The Bitcoin halving event has a significant impact on altcoins and I’ll be releasing a comprehensive analysis on altcoins excluding Ethereum in my next post.

Stay tuned and know when to buy…

According to some strong technical analysis, the buying pressure of alt

NFA

Educational purposes Only