Bitcoin Halving
Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply;
Bitcoin halving events happen after every 210,000 blocks are mined, approximately every four years;
- History
Expected Impact / Date | Description |
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Apr 19, 2024 | This halving will occur at a block height of 840,000. The block reward will decrease from 6.25 to 3.125 coins per block; |
May 11, 2020 | This halving will occur at a block height of 630,000. The block reward will decrease from 12.5 to 6.25 coins per block; |
Jul 9, 2016 | This halving will occur at a block height of 420,000. The block reward will decrease from 25 to 12.5 coins per block; |
Nov 28, 2012 | This halving will occur at a block height of 210,000. The block reward will decrease from 50 to 25 coins per block; |
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- Bitcoin Halving News
- From financemagnates.com|May 14, 2024
After a record-breaking March driven by equally impressive Bitcoin (BTC) performance, spot volumes on the top 10 cryptocurrency exchanges dropped by more than 60% in April. According to a benchmark by Finance Magnates Intelligence, their trading volume fell from $2.1 trillion in March to just under $1.3 trillion in April. Cryptocurrency Exchange Volumes Plummet Post-Bitcoin Halving: In March, volumes on the largest cryptocurrency platforms reached their highest levels in nearly four years, increasing by an average of 120%. This surge ...
- From investopedia.com|Apr 22, 2024
The fourth bitcoin (BTC) halving event occurred Friday evening without much immediate effect on its price, though by Monday the cryptocurrency was trading higher at above $66,000. A sudden spike in Bitcoin network transaction fees around the halving was observed and that was credited to the launch of Runes, a new meta protocol for issuing tokens on top of the Bitcoin blockchain. Outside of the halving, the low fees associated with Grayscale's new spot bitcoin exchange-traded fund (ETF) offering, the Bitcoin Mini Trust, were ...
- From foxbusiness.com|Apr 21, 2024
Bitcoin on Friday completed its fourth-ever "halving" with prices for the world's largest cryptocurrency remaining relatively stable through the weekend in the aftermath of the event. Bitcoin prices, which recently hit an all-time high of $73,803 in mid-March, were at about $64,036 prior to the halving that occurred after 8 p.m. ET on Friday. Prices fell by 0.47% to $63,747 immediately after the halving, then rose over the weekend to around $65,000 on Sunday. The halving changes the rate at which new bitcoins are created and was ...
- From invezz.com|Apr 21, 2024
In the early hours of Saturday (GMT), the crypto world witnessed the highly anticipated fourth Bitcoin halving event. This significant occurrence has reduced the new supply of Bitcoin by half, now producing only 3.125 new coins every 10 minutes, down from the previous rate of 6.25. This reduction equates to nearly $30 million worth of Bitcoin that will no longer be entering the market each day, setting the stage for potential price increases if demand remains steady or grows. Historically, Bitcoin halvings have been bullish for the ...
- From bnnbloomberg.ca|Apr 20, 2024
- A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely. The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies known as miners for validating transactions. The modification went into effect as of 8:10 p.m. Friday evening New York time, according to data from analytics website ...
- From @News_Of_Alpha|Apr 19, 2024
post: *BITCOIN 'HALVING’ HAS OCCURRED, ACCORDING TO https://t.co/vUzo2590PP : BBG post: *BITCOIN 'HALVING' CUTS IN HALF REWARDS PAID TO MINERS
- From bnnbloomberg.ca|Apr 19, 2024
Bitcoin’s propensity to rally ahead of much-touted industry milestones is raising the risk that the software modification known as the halving slated for later Friday may turn into another “sell-the-news” event. “Everything that is known is already discounted into the price,” Joel Kruger, market strategist at LMAX Group, said in a statement. “With that said, anyone who would have wanted to be buying Bitcoin because of the halving event has already done so, which suggests in the short-term aftermath of the halving, we could see a ...
- From youtube.com/cnbctelevision|Apr 19, 2024
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Crypto World explores the bitcoin halving’s impact on the cryptocurrency’s price and why some think this halving will be different from those in the past.
Released on Apr 19, 2024 |
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