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which bitcoin halving dates history
The upcoming Bitcoin halving in April 2024 is expected to halve the block reward from 6.25 BTC to 3.125 BTC.
Oct 08, 2024 at 11:42 pm
Bitcoin halvings are a crucial part of the cryptocurrency's monetary policy, designed to gradually reduce the block reward miners receive for verifying transactions. This mechanism helps control the inflation rate and maintain the scarcity of Bitcoin.
- November 28, 2012 (Block 210,000)
- Initial reward: 50 BTC per block
- Halved to: 25 BTC per block
- July 9, 2016 (Block 420,000)
- Initial reward: 25 BTC per block
- Halved to: 12.5 BTC per block
- May 11, 2020 (Block 630,000)
- Initial reward: 12.5 BTC per block
- Halved to: 6.25 BTC per block
- Expected April 2024 (Block 840,000)
- Initial reward: 6.25 BTC per block
- Halving to: 3.125 BTC per block
- Expected March 2028 (Block 1,050,000)
- Initial reward: 3.125 BTC per block
- Halving to: 1.5625 BTC per block
Bitcoin halvings typically have a significant impact on the cryptocurrency's price, with a tendency for upward trends in the months leading up to and following the event. This is because halvings reduce the supply of new Bitcoins entering the market, creating a potential scarcity and driving up the value.
However, it's important to note that the market response to halvings can vary depending on a range of factors, such as broader economic conditions, the adoption rate of Bitcoin, and the technical outlook of the cryptocurrency.
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