What Is Bitcoin Halving 2024 Prediction. The bitcoin halving cycle refers to the recurring event that reduces the blockchain rewards paid in bitcoin and given to miners for validating transactions and creating new blocks on the. Historically, this reduction in supply has triggered.
The next halving in 2024 will further reduce the block reward from 6.25 btc to 3.125 btc, potentially increasing bitcoin’s price as the supply of new bitcoin slows down. Euphoric sentiment, institutional buying demand, and historical gains linked to bitcoin’s halving event are putting the asset on track to cross its lifetime highs of $69,000 in.
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