2024-04-19 10:44:40
This is a major event for cryptocurrency investors around the world. When a major currency like “Bitcoin” is regarding to appear, a significant phenomenon “Bitcoin Halving” occurs once every 4 years, and this time is also the 4th time.
First, let’s learn a little more regarding Bitcoin Halving.
Bitcoin Halving is the process of cutting a miner’s block reward in half. or simple words of understanding The number of Bitcoin blocks mined will be halved from 6.25 BTC to 3.125 BTC, limiting the supply of Bitcoin every 4 years.
This reduces the amount of Bitcoin mining rewards. This would go once morest the demand for more Bitcoin coins. And hence, the price of Bitcoin might also skyrocket.
However, the “Bitcoin Halving” phenomenon only has 12 hours left in the countdown (since 4:00 p.m. on April 19, 2024).
Bitkub Exchange predicts that Bitcoin halving will succeed early in the morning. Around 4 a.m. on April 20, 2024, Thailand time.
The number of blocks before the halving was 90, with the current number of blocks being 839,910.
In terms of numbers, the price of Bitcoin today (April 19, 2024) has increased slightly. Due to the world’s economic and political uncertainty factors. As a result, Bitcoin still has a highest price of 2,410,000 baht and the lowest price of 2,200,010.88 baht, equivalent to +5.43%.
It is worth tracking what the price of Bitcoin will be following the halving, as the impact of the current war between Israel and Iran has caused investors around the world to turn to safe assets, but the Bitcoin is a very volatile asset.
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