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2024 Bitcoin Halving: Countdown to a Pivotal Moment
When is the 2024 Bitcoin Halving?
Estimated April 2024
The highly anticipated third Bitcoin halving event is projected to take place in April 2024. However, there is a slight possibility that it could occur in either March or May. Our live countdown at the top of the page provides the most up-to-date estimate.
This section will delve into the historical significance of the previous three halvings and provide a comprehensive analysis of their impact on Bitcoin's price.
Countdown to the Next Halving
As of April 18, 2024, the live countdown indicates 12:11 PM as the estimated time for the next halving to occur.
Historical Halving Events and Price Impact
After Bitcoin's first halving in November 2012, its price surged from $12.35 to $127.5 months later. Similarly, after the second halving in 2016, Bitcoin's price doubled to $2,80 within eight months.
The following table summarizes the halving dates, block rewards, and Bitcoin's price at the time of each halving:
| Halving Date | Block Reward | Price at Halving |
|---|---|---|
| November 28, 2012 | 3125 to 1526 BTC | $12.35 |
| July 9, 2016 | 625 to 3125 BTC | $650 |
| May 11, 2020 | 125 to 625 BTC | $8,800 |
Significance of the Halving
The Bitcoin halving is a crucial event that significantly impacts the supply and demand dynamics of the cryptocurrency. It reduces the issuance rate of new Bitcoins by half, creating a potential scarcity that can drive up prices if demand remains constant or increases.
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