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Author: Admin | 2025-04-27
Bitcoin halving cuts down miner rewards by 50% and occurs every four years. The next Bitcoin halving event is expected on April 22, 2024, at a block height of 840,000. Find out all about this event and how to trade and earn from it on KuCoin. The Bitcoin halving of 2024 looms large in the dynamic crypto market and captures the attention of Bitcoin enthusiasts and global investors alike. The next Bitcoin halving is scheduled to occur in April 2024, and will reduce the block rewards by 50% from the current 6.25 BTC to 3.125 BTC per block.Previous halvings in 2012, 2016, and 2020 all witnessed significant price hikes in the months following the event. Bitcoin soared 5,200% after the 2012 halving, 315% after the 2016 halving, and 230% after the 2020 halving. Now, add the potential game-changer: spot Bitcoin ETFs approved by the US Securities and Exchange Commission (SEC) on January 10, 2024. The Bitcoin ETFs have granted traditional investors an easier, more familiar way to access Bitcoin, opening the floodgates to institutional investment, a segment currently hesitant due to regulatory concerns. As of March 2024, a little over two months since the ETFs were approved by the US SEC, total assets under management (AUM) have already crossed $50 billion. BlackRock’s ETF IBIT holds nearly 200,000 BTC at the time of writing. Spot Bitcoin ETF AUM | Source: TheBlockFollowing Litecoin halving in 2023, all eyes now turn to Bitcoin halving in 2024. This event, which occurs approximately every four years, represents a pivotal moment in the life cycle of the world's first cryptocurrency. It's a time of anticipation, speculation, and profound economic implications.The 2024 halving will reduce the block reward from 6.25 BTC to 3.125 BTC, impacting Bitcoin mining profitability and potentially influencing Bitcoin's price. Historically, halving events have been bullish for Bitcoin's value, although they can also introduce short-term volatility. With Bitcoin being a major player in the cryptocurrency market, its halving can have ripple effects across the entire crypto ecosystem.Bitcoin Halving CountdownBitcoin halving is estimated to occur in April 2024. Bitcoin (BTC) Halving Countdown Timer: Updated in Real TimeWhat Is Bitcoin Halving? The BTC halving process is embedded in Bitcoin's protocol by its creator, Satoshi Nakamoto, to mimic the scarcity and deflationary nature of precious metals. This event plays a pivotal role in Bitcoin's monetary policy, impacting its supply and, potentially, its value.The Bitcoin halving, occurring roughly every four years or after about 210,000 blocks are mined (at a pace of roughly one block every 10 minutes), is a fundamental aspect of Bitcoin's design. This event reduces the block reward for miners by 50%, a process designed to control Bitcoin's supply and inflation. Initially, miners received 50 BTC per block, but after several halvings, the current reward is 6.25 BTC per block. The block reward will reduce to 3.125 BTC per block after the 2024 Bitcoin halving. The halving process is a key part of the Bitcoin system because it controls the supply of new bitcoins entering
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