Bitcoin halving is a significant event that occurs roughly every four years, marking a gradual slowdown in the Bitcoin production rate; this is done to maintain a maximum limit of 21 million Bitcoin tokens. Around 19 million Bitcoin tokens are circulating, with the limit expected to be exhausted by 2140.The halving event plays a vital role in the Bitcoin market, often leading to a rally before the event. This year, prices were boosted by the U.S. Securities and Exchange Commission's decision to...
Process has coincided with a rise in price in the past and is due to take place again on SaturdaySatoshi Nakamoto, the pseudonymous creator of bitcoin, still has an influence on the cryptocurrency nearly 14 years after disappearing.This week the protocol designed by Nakamoto – an individual or group of individuals who went silent in December 2010 – will trigger what is known as a “bitcoin halving”, a process that has coincided with price increases in the past. The latest halving is expected to...
Bitcoin rose above $64,000 on Friday after dropping below the $60,000 mark as the cryptocurrency continues to see volatility ahead of the upcoming halving.
In celebration of the Bitcoin halving event, Unstoppable Domains partners with Bitcoin.com to offer personalized .bitcoin domain names, enhancing user experience with simplified cryptocurrency transactions within the Bitcoin.com Wallet app. Unstoppable Domains, a leading provider of blockchain-based domain names, together with Bitcoin.com, makers of the prominent Bitcoin.com Wallet App and Bitcoin.com News site, are thrilled […]
Bitcoin halving happens approximately every four years and is where the number of new bitcoins that come into circulation drops in half.
Upon reaching block height 840,000, when the mining pool Viabtc collected 37.626 bitcoin in fees worth $2.39 million, the expense for onchain transfers climbed, surpassing $240 per transaction. Block 840,003 recorded 16.06 bitcoins in fee payments, and block 840,004 accumulated 24 bitcoins in fees valued at over $1.5 million. Bitcoin Transaction Fees Skyrocket Above $240 […]
Global asset management firm Alliance Bernstein has explained that bitcoin’s bullish trajectory should resume after the upcoming halving event. The firm’s analysts described: “We believe it is always new demand catalysts that lead to bitcoin price appreciation in every cycle.” Bernstein’s Analysts on Bitcoin’s Price Post-Halving Global asset management firm Alliance Bernstein’s analysts Gautam Chhugani […]
Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin. ‘I Think We’re Just Getting Started’ Bitwise Asset Management has reaffirmed its […]
The excitement surrounding the upcoming Bitcoin halving has led to a significant increase in Google searches for “Bitcoin halving,” with interest reaching its highest point ever, more than double that of the last halving event in 2020, and is predicted to hit peak popularity. The halving event, which reduces the rewards miners receive by half, […]
After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they have fallen to just $11.06 each. Since reaching block height 840,179, miners are now earning less bitcoin in rewards compared to before the halving event […]
Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded […]
Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of […]