{"id":600761,"date":"2024-04-01T21:00:12","date_gmt":"2024-04-01T21:00:12","guid":{"rendered":"https:\/\/wncen.com\/?p=600761"},"modified":"2024-06-11T08:02:56","modified_gmt":"2024-06-11T08:02:56","slug":"bitcoin-halving-2900-blocks","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-halving-2900-blocks\/","title":{"rendered":"Bitcoin Halving Inches Closer With Less Than 2,900 Blocks Left"},"content":{"rendered":"

The <\/span>Bitcoin Halving<\/span><\/a> is fast approaching, with less than 2,900 blocks left before <\/span>miners\u2019 rewards are cut in half<\/span><\/a>. This event, projected to take place sometime in April, is significant as <\/span>Bitcoin\u2019s price<\/span><\/a> could enjoy a parabolic move to the upside after it takes place.\u00a0<\/span><\/p>\n

Bitcoin Halving Set For April 19<\/h2>\n

Data<\/span><\/a> from Coinwarz shows that the <\/span>Bitcoin Halving<\/span><\/a> is set to take place on April 19 at Block 840,000. This projection is based on Bitcoin\u2019s current <\/span>block time average<\/span><\/a>, which means the Halving can come a little earlier or sometime after April 19. However, the main focus remains that miners\u2019 supply will be cut in half.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Price Breaks New 3-Year High \u2013 Here Are Factors That Could Drive The Price To $1<\/a><\/div>\n

The Halving event is a deflationary measure that <\/span>Bitcoin\u2019s founder, Satoshi Nakamoto<\/span><\/a>, encoded in the flagship crypto and takes place after every 210,000 blocks. Three halving events have occurred since the <\/span>Genesis block<\/span><\/a> in 2009, when Bitcoin\u2019s first block was mined. The first was on November 28, 2012, when miners\u2019 rewards were cut from 50 BTC to 25 BTC.<\/span><\/p>\n

The next Halving event took place on July 9, 2016, cutting <\/span>miners\u2019 rewards<\/span><\/a> to 12.5 BTC. The third one happened on May 11, 2020, reducing the reward to 6.25 BTC. Now, Miners\u2019 rewards are set to be cut in half again, reducing them to 3.125 BTC.<\/span><\/p>\n

This reward is the amount of BTC miners receive for validating each block of new transactions on the blockchain. Although this event mainly affects miners, the crypto community closely monitors it due to the ripple effects it could have on the market. <\/span>Bitcoin\u2019s supply<\/span><\/a> comes through these miners\u2019 rewards, and a reduction in them usually drives Bitcoin\u2019s value higher.\u00a0<\/span><\/p>\n

Bitcoin\u2019s Performance After Each Halving<\/pre>\n
The Halving has historically always led to a price appreciation for Bitcoin. Ninety days after the <\/span>first Halving<\/span><\/a> on November 28, 2012, Bitcoin\u2019s price increased to $1,000 from $12 at the time of Halving. Subsequently, Bitcoin\u2019s price saw a gain of over 8,000% one year after that Halving.\u00a0<\/span><\/p>\n
\"Bitcoin<\/p>\n
Source: MilkRoad<\/span><\/a><\/pre>\n
This parabolic price surge also occurred after the second and <\/span>third Halving events<\/span><\/a>, with Bitcoin\u2019s price rising from $650 and $8,821 (at the time of the Halving) to $2,506 and $56,612 (90 days after the Halving) in 2016 and 2020 respectively. Bitcoin also gained 284% and 559% one year after the event.\u00a0<\/span><\/p>\n
Related Reading: Panel Of Experts Reveal When The Cardano Price Will Reach $3<\/a><\/div>\n
This time isn\u2019t expected to be different as Bitcoin is again <\/span>predicted<\/span><\/a> to experience a massive move to the upside after April. This bullish sentiment is further strengthened by <\/span>Bitcoin\u2019s demand<\/span><\/a>, which has continued to skyrocket in the face of a dwindling supply.\u00a0<\/span><\/p>\n
At the time of writing, Bitcoin is trading at around $70,400, up in the last 24 hours according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
\"Bitcoin<\/p>\n
BTC price struggles ahead of halving | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from 99Bitcoins, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Bitcoin Halving is fast approaching, with less than 2,900 blocks left before miners\u2019 rewards are cut in half. This event, projected to take place sometime in April, is significant as Bitcoin\u2019s price could enjoy a parabolic move to the upside after it takes place.\u00a0 Bitcoin Halving Set For April 19 Data from Coinwarz shows that the Bitcoin Halving is set to take place on April 19 at Block 840,000. This projection is based on Bitcoin\u2019s current block time average, which means the Halving can come a little earlier or sometime after April 19. However, the main focus remains that miners\u2019 supply will be cut in half.\u00a0 Related Reading: Dogecoin Price Breaks New 3-Year High \u2013 Here Are Factors That Could Drive The Price To $1 The Halving event is a deflationary measure that Bitcoin\u2019s founder, Satoshi Nakamoto, encoded in the flagship crypto and takes place after every 210,000 blocks. Three halving events have occurred since the Genesis block in 2009, when Bitcoin\u2019s first block was mined. The first was on November 28, 2012, when miners\u2019 rewards were cut from 50 BTC to 25 BTC. The next Halving event took place on July 9, 2016, cutting miners\u2019 rewards to 12.5 BTC. The third one happened on May 11, 2020, reducing the reward to 6.25 BTC. Now, Miners\u2019 rewards are set to be cut in half again, reducing them to 3.125 BTC. This reward is the amount of BTC miners receive for validating each block of new transactions on the blockchain. Although this event mainly affects miners, the crypto community closely monitors it due to the ripple effects it could have on the market. Bitcoin\u2019s supply comes through these miners\u2019 rewards, and a reduction in them usually drives Bitcoin\u2019s value higher.\u00a0 Bitcoin\u2019s Performance After Each Halving The Halving has historically always led to a price appreciation for Bitcoin. Ninety days after the first Halving on November 28, 2012, Bitcoin\u2019s price increased to $1,000 from $12 at the time of Halving. Subsequently, Bitcoin\u2019s price saw a gain of over 8,000% one year after that Halving.\u00a0 Source: MilkRoad This parabolic price surge also occurred after the second and third Halving events, with Bitcoin\u2019s price rising from $650 and $8,821 (at the time of the Halving) to $2,506 and $56,612 (90 days after the Halving) in 2016 and 2020 respectively. Bitcoin also gained 284% and 559% one year after the event.\u00a0 Related Reading: Panel Of Experts Reveal When The Cardano Price Will Reach $3 This time isn\u2019t expected to be different as Bitcoin is again predicted to experience a massive move to the upside after April. This bullish sentiment is further strengthened by Bitcoin\u2019s demand, which has continued to skyrocket in the face of a dwindling supply.\u00a0 At the time of writing, Bitcoin is trading at around $70,400, up in the last 24 hours according to data from CoinMarketCap.\u00a0 BTC price struggles ahead of halving | Source: BTCUSD on Tradingview.com Featured image from 99Bitcoins, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":600781,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,8856,656,679,1119,89642,89185,1122,1144,78790],"class_list":["post-600761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-halving","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Halving Inches Closer With Less Than 2,900 Blocks Left<\/title>\n<meta name=\"description\" content=\"The Bitcoin Halving is fast approaching, with less than 2,900 blocks left before miners\u2019 rewards are cut in half.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Halving Inches Closer With Less Than 2,900 Blocks Left","url":"http:\/\/wncen.com\/news\/bitcoin-halving-2900-blocks\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-halving-2900-blocks\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Bitcoin-halving.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Bitcoin-halving.jpeg?fit=1078%2C728"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin halving","bitcoin news","bitcoin price","btc","btc halving","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-04-01T21:00:12Z","datePublished":"2024-04-01T21:00:12Z","dateModified":"2024-06-11T08:02:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Halving Inches Closer With Less Than 2,900 Blocks Left\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-halving-2900-blocks\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-halving-2900-blocks\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin-halving.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin-halving.jpeg?fit=1078%2C728\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin halving\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc halving\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-04-01T21:00:12Z\",\"datePublished\":\"2024-04-01T21:00:12Z\",\"dateModified\":\"2024-06-11T08:02:56Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/Bitcoin-halving.jpeg?fit=1078%2C728","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600761"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=600761"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/600781"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=600761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=600761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=600761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}