Bitcoin's "halving" on April 20th reduces miners' reward by 50%, potentially impacting future price trajectory and causing a potential six-month lull in the crypto market.
Bitcoin's 'halving' event scheduled for April 20th reduces miners' reward for verifying transactions by 50%, potentially influencing Bitcoin's future price trajectory. Previous halvings in 2012, 2016, and 2020 led to price increases in the months following. Analysts predict that Bitcoin miners could potentially liquidate $5 billion worth of Bitcoin after the halving, which could cause a six-month lull in the crypto market. Historically, Bitcoin prices remain range-bound for months following halvings.
April 15, 2024
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