Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»Bitcoin barely falters after halving.
ETHEREUM NEWS

Bitcoin barely falters after halving.

By Crypto FlexsApril 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin barely falters after halving.
Share
Facebook Twitter LinkedIn Pinterest Email

If we do the research, you can get alpha!

Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!

Go to Alpha Report

The oldest and largest blockchain entered its 840,000th block shortly after midnight UTC on Saturday morning, marking the start of the latest Bitcoin ​​halving, beginning on April 20 (12:10 AM ET). Despite all the hype and expectations, BTC price has remained stable.

The price of BTC was at $63,976 when the pivotal block was issued, a gain of 1% in the last 24 hours, according to CoinGecko data. Thirty minutes later it was essentially flat at $63,873.

The ultimate effect of this long-planned and closely monitored event was a roller coaster ride of several days. The price of Bitcoin fell sharply to $59,573 on one major exchange late yesterday, followed by a significant recovery after 65,000 hours. The last month has been very discouraging.

Just yesterday, JP Morgan said, “We do not expect the price of Bitcoin to rise after the halving as it is already priced in.” The company was at least half right.

This milestone, which halves the reward provided to Bitcoin miners for each new block they create, aims to ease block production and has a direct impact on mining companies, mining pools, and promiscuous independent miners. But cryptocurrency watchers are also invested in the outcome, focusing on the event’s potential impact on the BTC price.

Bitcoin broke an all-time high last month, surpassing $73,000. This was part of a Bitcoin bull market that some said was unusually strong early on, albeit unseasonably. But the coin soon began a downward trend, a trend blamed on a variety of factors ranging from discouraging U.S. economic data to surging unrest in the Middle East.

Even on the eve of the halving, many questions were floating around.

Analysts debated whether the recent bull market was already over, while environmentalists asked whether reduced compensation would lead to less mining and better environmental conditions.

Is the halving already priced in? Will Bitcoin’s value fall after this moment, as it typically does, but ultimately soar to new heights? Probably, experts said.

With the Bitcoin halving occurring in less than an hour, the short- and long-term price impact of this event has yet to be confirmed. With mainstream financial markets currently enjoying a weekend break, the cryptocurrency community is extremely happy and hopeful.

The impact on Bitcoin miners will be more visible. After all, the initial reward for creating a block was 50 Bitcoin. Until the most recent halving, the bonus was 6.25 BTC. Over the next 4 years, or 210,000 blocks, the reward will be 3.125 BTC. A lot can change in one day, and anything can change in 2028.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Bitcoin data, macroeconomic charts refer to a new BTC and ‘within 100 days’

May 2, 2025

Meme Coin Market Plunges 4% Due to Flash Crypto Crash Due to DOGE, SHIB, and PEPE Tumble.

June 11, 2024

Trader Predicts 75% Surge in Low-Price Altcoins, Turns Bullish on Fantom and One DeFi Crypto Asset

August 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.