Report post

How did bitcoin halving affect investors?

Bitcoin halving was reduced by half, from 6.25 BTC to 3.125 BTC per mined block, on April 19, 2024. There wasn’t much immediate impact on general investors after Bitcoin halving as the price remained stable at around $64,000 per 1BTC. The price of Bitcoin, or 1 BTC, traded at $59,348.70 as of May 3, 2024 at 12 p.m. IST.

What is a bitcoin halving event?

A Bitcoin halving event occurs about every four years when the reward for mining is cut in half. Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply. Bitcoin last halved on April 19, 2024, resulting in a block reward of 3.125 BTC.

What happens to bitcoin After halving?

Usually, there is an increase in volatility for Bitcoin following the halving. The supply of available Bitcoin decreases, which raises the value of Bitcoin yet to be mined, making it a more attractive asset to investors. There are other elements to consider when analyzing Bitcoin’s post-halving booms:

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts