Friday, 19 April 2024 At some point tomorrow, Bitcoin will experience its fourth halving. The reward miners receive for processing every 10 minute block will decline from 6.25 Bitcoin to 3.125. Bitcoin will become an even scarcer commodity with annual issuance dropping from 1.6% to 0.8%. The market appears to believe that this will be a serious loss for Bitcoin miners. Miner stocks, such as Riot, Marathon and Bitfarms, are down over 50% from their February highs.
Block 840,000 is quickly approaching! For the hardened bitcoiners know this is the Halving (4th Halving to be exact) and for the new comers to bitcoin this is when the bitcoin subsidy rewarded to bitcoin miners is cut in half from 6.25 bitcoin in this epoch to 3.125 bitcoin in the next epoch.
Join us as we delve into the intricacies of Bitcoin Halving, a pivotal event in the world of cryptocurrency and finance. Learn what Bitcoin Halving is all about, how it affects miners, and its broader..
Bitcoin was released in 2009 as peer-to-peer digital cash for use by everyone, bypassing banks and governments. In 2017, Bitcoin (BTC) was co-opted and transformed into a store of value, dubbed..
Today, we're diving deep into the charts to uncover a hidden bullish divergence on the 4-hour timeframe for Bitcoin. Join us as we explore what this might mean for the price of Bitcoin,..
Friday, 19 April 2024
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