Live Countdown to the Next Bitcoin Halving
April 14, 2024
What is the Bitcoin Halving?
The Bitcoin halving is a programmed event that occurs every four years, in which the block reward for mining a new block is cut in half. This is done to control the supply of Bitcoin and to keep its price from becoming too volatile. The next halving is expected to occur in mid-April 2024.
How Will the Halving Affect Bitcoin's Price?
The halving is generally seen as a positive event for Bitcoin's price. This is because it reduces the supply of new bitcoins coming into the market, which can lead to increased demand and higher prices. However, the halving can also lead to short-term volatility in Bitcoin's price, as traders and investors adjust to the new market conditions.
Learn About the Bitcoin Halving Cycle
The Bitcoin halving cycle is a four-year period that begins with the creation of the first Bitcoin block and ends with the halving of the block reward. The following table shows the dates of previous halvings and the block reward schedule:
| Halving Date | Block Reward |
|---|---|
| January 3, 2009 | 50 BTC |
| November 28, 2012 | 25 BTC |
| July 9, 2016 | 12.5 BTC |
| May 11, 2020 | 6.25 BTC |
| April 14, 2024 | 3.125 BTC |
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