2024 Bitcoin Halving Guide

ChainCatcher news, according to OKLink data, Bitcoin completed its fourth halving at block height 840,000 on April 20 at 8:11 AM Beijing time. The price of Bitcoin at the time of halving was $63,734. After the halving, the BTC block reward was reduced from 6.25 BTC to 3.125 BTC.It is reported that a block halving refers to the process of reducing the amount of digital currency produced in a unit of time, mainly achieved by lowering the block reward. So far, the Bitcoin network has experienced three halvings in 2012, 2016, and 2020.

ChainCatcher news, according to OKLink data, there are only 4 blocks left until the Bitcoin halving, which will take about 38 minutes.It is reported that after the halving, the Bitcoin block reward will be 3.125 BTC.

ChainCatcher news, according to OKLink data, the BTC halving countdown is less than 10 hours remaining, expected to occur on April 20. The current block reward is 6.25 BTC, and after the halving, the block reward will be 3.125 BTC, with 58 blocks remaining.

ChainCatcher news, DWF Labs co-founder Andrei Grachev posted on the X platform: "While the cryptocurrency market cap is slowly rising (+16% M2M), the spot trading volume is declining (-44% M2M). Overall, it seems that an increasing number of cryptocurrencies are being traded and distributed among holders, who are waiting for some nodes (perhaps the Bitcoin halving), which should bring significant volatility."