As Bitcoin and crypto market experiencing intense rally, 2024 halving is just around corner; here's what its impact has been historically
As Bitcoin and crypto market experiencing intense rally, 2024 halving is just around corner; here's what its impact has been historicallyDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
The inaugural Bitcoin halving occurred at block 210,000, reducing the block reward from 50 BTC to 25 BTC. This event generated tension among crypto investors, fearing it might discourage miners and coincided with Bitcoin's rise to mainstream attention. Prices were significantly higher than the first halving but still far from the subsequent years' peaks. BTC reached $766 per unit on June 16 before dropping 13.83% to $660 on the halving date. Nonetheless, by Dec. 31, 2016, Bitcoin's price had surged to $963 per unit.
Following the market crash on March 11, 2020, Bitcoin experienced a significant price drop, plummeting from $7,944.05 to $4,857.31, representing a 38.85% fall, though it did not surpass the 2012 decrease. The Bitcoin halving is coming up in April, and historical patterns suggest a potential upswing in price post-halving events.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin Price Nears ATH as Bitcoin Minetrix ICO Edges Towards $12MCrypto Blog
Weiterlesen »
'Rich Dad Poor Dad' Author Reveals His Possible Actions Should Bitcoin CrashVocal Bitcoin advocate Kiyosaki reveals his favorite thing about Bitcoin should it crash
Weiterlesen »
Crucial Bitcoin Message Sent by Michael Saylor to Community As BTC Tops $61,000Vocal Bitcoin evangelist has made an important Bitcoin call on the global cryptocurrency community
Weiterlesen »
'Rich Dad Poor Dad' Author Comments on Massive Bitcoin SurgeAcclaimed investor and Bitcoin supporter Kiyosaki issues bullish Bitcoin-vs.-US dollar statement
Weiterlesen »
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns RedLegendary trader John Bollinger's bullish wake-up call reverberates as Bitcoin faces downturn
Weiterlesen »
Retail Traders Still Missing: Can They Push Bitcoin’s Price to New ATH Soon?Crypto Blog
Weiterlesen »