It is a big event for cryptocurrency investors around the world. When a big currency like “Bitcoin” is about to emerge, an important phenomenon “Bitcoin halving” occurs once every 4 years, and this time is also the fourth time.
First, let's learn a little about Bitcoin halving.
Bitcoin halving is the process of halving a miner's block reward. Or simple words to understand: 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. It will conflict with the demand for more bitcoins. As a result, the price of Bitcoin may also rise.
However, the “Bitcoin halving” phenomenon now only has 12 hours left in the countdown timer (since 4:00 PM on April 19, 2024).
Bitkub Exchange expects the Bitcoin halving to be successful early in the morning. At approximately 4:00 AM on April 20, 2024, Thailand time.
The number of blocks before the halving was 90, while the current number is 839,910.
In terms of numbers, the price of Bitcoin today (April 19, 2024) rose slightly. Due to economic and political uncertainty in the world. As a result, the highest price of Bitcoin is still 2,410,000 baht, and the lowest price is 2,200,010.88 baht or +5.43%.
It is worth noting what the price of Bitcoin will be after the halving, because the impact of the current Israel-Iran war has prompted investors around the world to flock to safe-haven assets, but Bitcoin is a highly volatile asset.
“Reader. Infuriatingly humble coffee enthusiast. Future teen idol. Tv nerd. Explorer. Organizer. Twitter aficionado. Evil music fanatic.”