Bitcoin attempts to recover from significant weekend downside action, with old all-time highs back in place as the BTC price meets resistance.
Bitcoin Halving News
Bitcoin halving is a process of dividing the number of generated rewards per block in order to maintain the total supply of Bitcoin, which will not exceed 21 million. Block rewards are the main engine of Bitcoin mining and, therefore, the main power behind the operation of the network. Bitcoin halving happens every 210,000 blocks and reduces the reward for 50 percent every time in a geometrical progression. The initial block reward in 2009 was 50 Bitcoins, the current Bitcoin reward is 12.5 coins. The next Bitcoin halving is expected to happen in May 2020 and will decrease the reward to 6.25 coins. Bitcoin halving is a crucial part of Bitcoin and most other cryptocurrencies, as it is the main algorithm of emission control and a part of what makes Bitcoin successfully maintained without any authority.
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Bitcoin has historically dipped in the weeks before the halving and might repeat such a move within the next week.
17849The Bitcoin mining reward rate gets cut in half every four years, but this seemingly simple event carries with it deeply felt implications for the future of DeFi.
37861Benchmark analyst Mark Palmer initiated coverage of Bitdeer on Thursday, giving the miner a buy rating and setting a price target of $13.
3981Amid new all-time highs in price and block rewards, the Bitcoin bull run of 2023–2024 continues.
11044Despite a new Bitcoin all-time high, markets are still yet to price in the upcoming Bitcoin halving, Basile Maire told Cointelegraph in an exclusive interview.
6844The Bitcoin ETFs appear to have opened many institutions’ eyes to Bitcoin as an alternate asset. Will the April halving accelerate the trend?
4933While Bernstein sees a $150,000 Bitcoin price target, other analysts warn of a potential correction.
22856Miners saw revenues climb to roughly $78.89 million on March 11, the same day the BTC price broke new all-time highs.
2560The Bitcoin halving will likely positively affect Ethereum and the broader crypto market, according to multiple industry insiders.
13759Fewer Bitcoin entering circulation after the halving will be met with increased demand from spot Bitcoin ETF issuers, leading to a “continuous, but volatile upward grind” in price, a mining analyst says.
26459Discover trading strategies to capitalize on Bitcoin halving events and optimize your investment returns in the cryptocurrency market.
6812Along with the growing retail interest, Bitcoin transfers to Coinbase have also started to surge. Are investors preparing to take profit?
4213Mintable founder Zach Burks said that if the halving boosts user engagement, there would be an uptrend in NFT prices.
4700A closer look at the upcoming halving’s potential to usher in more sustainable mining practices.
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