Bitcoiners and cryptocurrency market enthusiasts are celebrating the fourth successful execution of the Bitcoin halving, done at a block height of 840,000.
Bitcoin has undergone its fourth halving ticking over at a block height of 840,000 BTC miners’ block issuance rewards have been cut in half from 6.25 BTC to 3.125 Bitcoin per block. Bitcoin price is trading for $64,188 at the time of writing, with a hash rate of635.98 EH/s. Bitcoin Halving arrives at block 840,000, BTC Hash rate of 635.98 EH/s Miners will henceforth receive 50% fewer BTC for verifying transactions, following the successful arrival of the fourth BTC halving.
The #Bitcoin Pi Cycle top indicator is an indicator people look at to determine where $BTC might top for the cycle. It uses the Daily 111 Moving Average and the Daily 350MA x 2. When the 111MA crosses the 350MAx2 you tend to see cycle tops formed. pic.twitter.com/FyNx3M4wv8 — Daan Crypto Trades April 19, 2024 Notably, while past mining events have seen positive effects, the effect of halving events on Bitcoin price is prone to variations, depending on prevailing market condition.
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