$84,463.00
-0.70%$1,630.53
0.79%$2.14
-0.71%$588.29
-1.02%$132.08
0.45%$0.999994
0.01%$0.165143
-0.33%$0.256024
3.76%$0.646028
-0.42%$1,628.78
0.64%$84,378.00
-0.98%$9.40
0.47%$19.99
-1.17%$12.77
-1.80%$0.239899
-1.51%$2.25
-5.70%$0.00001225
-1.39%$0.999963
0.00%$0.167616
-3.80%$2.85
-2.00%$1,954.28
0.43%$350.25
3.63%$78.83
1.13%$3.69
0.56%$15.70
-2.70%$1.00
0.04%$0.756294
1.26%$4.31
-1.83%$0.998659
-0.02%$1,629.83
0.53%$27.81
0.19%$205.75
-2.79%$1,734.88
0.54%$5.44
0.73%$53.05
-3.25%$0.00000753
2.68%$84,408.00
-0.57%$4.91
-0.79%$22.46
-0.65%$0.860892
-4.58%$33.62
-0.16%$2.10
-3.53%$1.048
0.10%$1.00
0.00%$5.03
-2.20%$0.086061
-3.24%$15.56
1.94%$0.693591
-2.02%$1.16
0.02%$141.99
-2.10%$243.69
-3.29%$3.86
-4.49%$0.02280806
-1.70%$0.072947
-4.92%$4.21
-1.66%$84,388.00
-1.03%$4.05
-0.04%$0.996795
-0.03%$0.309623
-6.50%$8.28
-4.59%$2.53
0.48%$0.184144
-2.63%$0.185513
-1.03%$0.495786
-3.88%$2.48
-3.18%$0.30451
-0.29%$3.81
0.34%$84,419.00
-0.27%$10.38
-0.02%$0.493574
3.14%$0.07918
3.07%$1,384.95
0.52%$0.678866
-0.54%$0.386141
-3.30%$137.72
0.34%$0.01736097
12.53%$3.92
-6.14%$1.033
-1.06%$0.998507
-0.04%$0.00001296
-4.09%$68.03
1.10%$1,631.11
0.86%$0.75347
-2.09%$0.620687
-6.35%$0.617227
-3.46%$1,696.12
0.56%$0.174679
-2.70%$0.999751
-0.01%$0.844279
-2.77%$14.75
-1.10%$0.999438
-0.02%$0.999673
-0.02%$3,252.97
0.39%$1,838.65
0.87%$8.05
-3.50%$0.594641
-4.09%$0.01566145
-3.72%$0.079182
-2.60%$84,580.00
0.65%$0.414084
-3.12%$0.302121
-9.22%$0.76642
-87.78%$588.67
-0.77%$3,258.63
0.41%$0.997857
0.00%$0.710715
-5.60%$84,364.00
-0.36%$0.738205
-0.52%$3.66
0.05%$0.267926
0.86%$0.01471196
-2.21%$0.01932958
-0.67%$1,732.40
0.76%$145.23
0.50%$0.998794
-0.03%$0.00000063
-2.84%$169.53
0.61%$0.163127
-2.65%$0.099961
-4.10%$0.466382
-8.37%$1.99
1.58%$28.71
-1.34%$0.00005895
1.03%$1.90
-4.44%$0.353494
-0.81%$0.293514
10.09%$1.72
-2.92%$33.80
-4.06%$0.999374
0.02%$0.500987
-7.55%$0.518079
-0.42%$3.18
-7.96%$1,704.27
0.80%$0.997138
-0.18%$0.524861
-5.30%$14.55
-0.25%$0.1318
-2.28%$0.068587
-0.87%$1.00
0.00%$0.999988
-0.00%$0.41942
-1.82%$0.452949
0.29%$77,771.00
-7.16%$0.00481205
-3.20%$1.096
-0.59%$4.00
-2.72%$1.56
-7.71%$84,448.00
-0.45%$0.55753
-2.18%$0.00000043
1.48%$0.165378
-0.35%$84,715.00
-0.16%$0.00733711
-4.33%$1.16
-0.27%$1.00
0.05%$1.93
-3.09%$1.08
0.00%$1,701.49
0.80%$14.07
-2.26%$1,734.27
1.25%$110.66
0.00%$0.00001969
-1.40%$84,278.00
-0.85%$0.99953
-0.02%$22.83
1.32%$5.30
-2.70%$41.34
0.28%$2.31
-2.86%$0.12593
-3.95%$0.03778023
-5.06%$0.070123
-3.96%$0.999593
-0.08%$0.547173
-7.07%$77,106.00
0.00%$0.440044
-2.28%$1,629.53
0.72%$1,630.04
0.73%$5.34
-4.57%$0.998469
-0.34%$0.427682
-1.97%$1,629.50
0.90%$0.072045
-8.10%$0.03280338
9.50%$0.00005979
-0.01%$0.525455
-4.72%$0.997695
-0.19%$0.99927
-0.04%$0.18501
-2.26%$0.772714
-2.23%$0.275012
-11.20%$0.999806
-0.01%$0.749426
6.49%$0.00502614
-7.96%$3.99
-3.93%$0.00596988
-4.53%$0.03133281
2.17%$0.00000151
-1.64%$0.153321
-3.41%$0.115717
-10.24%$0.00357775
-4.91%$1,628.59
0.57%$1,667.07
1.90%$0.999484
0.09%$0.127814
-5.71%$0.308216
-2.50%$111.71
2.95%$0.13924
-1.01%$3,232.19
-0.10%$84,374.00
-0.52%$2.43
-4.92%$84,553.00
-0.15%$1.068
-5.84%$1,612.24
0.70%$0.572816
-0.72%$2.71
0.89%$0.261534
-3.75%$0.208725
-4.71%$0.253456
-3.35%$20.72
-0.36%$0.562697
-4.29%$1.00
0.08%$1,630.39
1.12%$0.431165
-3.78%$0.488101
-0.81%$22.17
0.28%$0.02837129
-2.43%$0.172057
-2.19%$0.994233
-2.58%$19.98
-1.11%$1,713.45
0.44%$1,695.30
-0.68%$0.03242265
-3.92%$0.998337
-0.00%$0.096402
-3.36%$1,785.30
0.96%$13.45
-2.09%$0.01107918
-1.74%$0.637378
-2.46%$0.00035847
-11.92%$1,770.16
0.76%$0.00238564
-4.76%$84,497.00
-0.62%$0.999734
-0.01%$2.84
5.09%$1.96
-4.51%$0.00276884
-3.65%$1,625.14
0.96%$12.25
-1.69%Reading
Bitcoin is scheduled to complete its third halving event later today, which will see the rewards miners receive for verifying transactions slashed by 50%.
8 hours left until #BitcoinHalving
▓▓▓▓▓▓▓▓▓▓▓▓▓░ 99%— Bitcoin Halving Countdown (@Bitcoin_Halving) May 11, 2020
Every four years, or more specifically, after every 210,000 blocks are mined, the Bitcoin network halves its block reward. When the Bitcoin network first launched, the block reward was set to 50 BTC. This meant that any miner or group of miners involved in mining a block received a 50 BTC reward. Thanks to two halvings, this reward now sits at 12.5 BTC, and is set to reduce to just 6.25 BTC in a matter of hours. Here's what happened last time Bitcoin halved.
The most recent halving occurred on July 9, 2016. At the beginning of July 2016, BTC was priced at around $673—having fallen from a peak of over $750 the month prior. Bitcoin then fluctuated between $600 and $700 up until the day of the halving, reaching a peak price of $666 on the day.
Bitcoin would go on to trade horizontally until the end of the month, following which it experienced a dramatic sell-off, and crashed down to as low as $533 by August 3. Then it started to recover.
Digital asset manager Grayscale now boasts a total of $3.7 billion worth of Bitcoin, Ethereum, and several other cryptocurrencies under management—marking an all-time high for the firm. These funds are held on behalf of its investors. This latest update represents a $500 million increase in Grayscale's total AUM since its Q1 report published March 31, 2020. In fact, in a little under a year, Grayscale added $1 billion (37%) to its total assets under management (AUM), with the firm reporting $2.7...
This recovery went on to become one of the most significant rallies in Bitcoin history, as it gradually climbed to over $1,000 by January 2017, to $2,000 by May, $4,000 by August, and $8,000 by November the same year.
Bitcoin eventually recorded its all-time highest value of $20,089 on December 17, 2017—equivalent to gaining 2,916% between the date of the second halving and its maximal price point. This climb from $666 to $20,089 took a total of 17 months.
To put this into perspective, if Bitcoin experienced similar price action in the upcoming 17 months, this would be the equivalent of climbing from $9,050 today, up to $273,000 by October 2021.
But whether this will actually happen is anyone's guess.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
The first satoshi mined on the Bitcoin blockchain after last week’s halving event, mined by Bitcoin mining pool ViaBTC, went up for auction—and fetched a sizable seven-figure sum. The auction of “epic sat” 1,968,750,000,000,000, hosted on the cryptocurrency exchange CoinEX, ended Thursday with a final bid of 33.3 Bitcoin ($2.13 million worth) winning the piece of Bitcoin history. It's not yet clear who won the auction. The auction of the Epic Sat began on April 20, the day after the halving, wit...
It's been roughly four days since Bitcoin (BTC)’s fourth halving event occurred, and market watchers have amassed enough data to give an early verdict on its effects. For one, Bitcoin’s supply inflation rate has collapsed, as expected. Each Bitcoin block—mined roughly once every ten minutes—now produces just 3.125 new BTC, half of its former 6.25 BTC block subsidy. Before the halving, 900 BTC was generated daily, fueling a 1.7% inflation rate. The new figures are roughly equivalent to 450 BTC pe...
Earn a free on-chain NFT by taking our course, "Bitcoin Halving 101: What it Means for Miners and Investors." Every four years, the amount of Bitcoin doled out to cryptocurrency miners halves in a process imaginatively known as the Bitcoin halving (or halvening, though the term has fallen out of favor in recent years). Here’s why—and how—it works. Bitcoin’s supply limit To understand the Bitcoin halving, we must first understand the theory behind its supply. The inventor of Bitcoin, Satoshi Naka...
