Bitcoin Halving Countdown 2024

Stay ahead with our comprehensive impact analysis and expert predictions
Bitcoin Halving 2024 Countdown Clock
840000Halving Block
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Bitcoin News
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Markets

Bitcoin All-Time High Arrived Right on Time—Here's Why

Bitcoin’s price surged to new heights late Tuesday before Donald Trump was projected by media outlets to win the U.S. election. The coin is now priced at $74,555, according to CoinGecko, and jumped as high as $75,358 overnight. But crypto-friendly Trump victory aside, history shows us that the leading digital asset is actually doing what it typically does.  The price of the biggest digital coin previously broke a new record in March, before this year’s halving in April. It was the first time tha...

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May 17, 2024

Bitcoin trades 24/7. Image created by Decrypt using AI

Markets

Bitcoin Is Booming, Hits Highest Price Since the Halving

The price of Bitcoin has surged to its highest since the much-talked about halving event on April 19, touching a recent high of $67,422 on Friday before dipping again. CoinGecko data shows that the biggest digital asset is up by nearly 3% in the past day. Over seven days, the coin has risen by more than 9%. It's now priced at $66,750. Bitcoin last hit today's high price on April 13, more than a month ago. Bitcoin dropped following the halving—a quadrennial happening baked into the coin's code—th...

by Mat Di Salvo ·

May 2, 2024

Image: Chakkaphong Wanphukdee/Shutterstock

Markets

Bitcoin Transactions Plummet Following Absurd Runes and Halving Surge

The price of Bitcoin may have taken a hit as of late—but at least you can again make payments using the coin with relative ease.  Transaction fees for Bitcoin are now back to the lows it stood at last month. The average cost for a transaction is $4.50 as of this writing, according to BitInfoCharts. Following the quadrennial halving event last month, the cost to send Bitcoin hit a record high of $128 per transaction as the network became clogged with activity following the concurrent launch of Ru...

by Mat Di Salvo ·

Apr 25, 2024

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Coins

Bitcoin 'Epic Sat' From the Halving Sells for $2.1 Million

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...

by Jason Nelson ·

Apr 23, 2024

A wizard lifting runestones. Illustration by Iobard/Shutterstock.

Coins

Why Are Bitcoin Rune Names So Weird? There's a Method to the Madness

The Bitcoin halving has come and gone, and along with the milestone, the new Runes token protocol went live on the Bitcoin network. Since its launch on April 20, the Runes protocol has seen over eight thousand “etchings”—the preferred term for the deployment of Runes tokens—created on the Bitcoin blockchain, according to Ordinals and Runes launchpad Luminex. One trend that quickly emerged among these new digital assets was long and unusually formatted names. A quick browse of the nascent categor...

by Jason Nelson ·

Apr 22, 2024

Image: PurpleRender/Shutterstock

Markets

Bitcoin Volatility Fear Led to Second Week of Crypto Fund Losses

As the week of the Bitcoin halving closed, a report found that this historical moment for the crypto industry was leading to fear among investors. A CoinShares report has found that digital asset investment products—like spot Bitcoin ETFs and exchange-traded products—have seen outflows for the second consecutive week, up to $206 million from $106 million the week prior. This comes in the weeks leading up to the Bitcoin halving, which occurred April 20, where mining rewards were cut in half. The...

by Ryan S. Gladwin ·

Apr 22, 2024

Bitcoin is the leading crypto asset by market cap. Image: Created by Decrypt using AI

Markets

Bitcoin Price Reclaims $66,000, Ethereum Sees Modest Gains After BTC Halving

Bitcoin and Ethereum, which experienced a spate of last-minute volatility ahead of the BTC halving on Friday, have since recovered from their roller coaster ride. At the time of writing, the Bitcoin price is up 1.6% in the past day, hovering around $66,000 after having reclaimed that milestone for the first time in a week. The cryptocurrency's block reward halving, which occurred on Friday, saw the reward paid to Bitcoin miners reduced from 6.25 to 3.125 BTC. Although it's usually the catalyst f...

by Stacy Elliott ·

Apr 22, 2024

The Bitcoin halving. Image: Decrypt

Technology Guides

What Is the Bitcoin Halving? How Bitcoin's Supply Is Limited

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...

by Ki Chong Tran, Matt Hussey, Stephen Graves ·

Apr 21, 2024

Image: PowerUp/Shutterstock

Coins

This Week on Crypto Twitter: Bitcoin Halving Anticipation to Elation—Then Back to Work

Illustration by Mitchell Preffer for Decrypt It was a rollercoaster week for Bitcoin and the broader crypto landscape, with most eyes fixed on the quadrennial Bitcoin halving finally executing early Saturday morning, on 4/20. Monday brought an encouraging rebound after a weekend dip. As expected, Hong Kong joined the digital asset ETF party, approving Bitcoin and Ethereum spot ETFs. Latest on HK spot Bitcoin ETFs: They have been approved to exist but not launch (yet). Rumor has it launching nex...

by Ryan Ozawa ·