In the ever-evolving world of cryptocurrency, few events hold as much weight and anticipation as Bitcoin‘s (CRYPTO: BTC) halving. Programmed into the Bitcoin protocol, this event occurs roughly every four years and is a pivotal moment in the lifecycle of the most valuable cryptocurrency. As we approach Bitcoin’s fourth halving, slated for Friday, April 19, […]
(Adds completion of halving to paragraphs 1-2) By Elizabeth Howcroft LONDON, April 19 (Reuters) – Bitcoin, the world’s largest cryptocurrency, on Friday completed its “halving,” a phenomenon that happens roughly every four years, according to according to CoinGecko, a cryptocurrency data and analysis company. Bitcoin was fairly stable immediately afterward, falling 0.47% to $63,747. Bitcoin […]
The Dow Jones Industrial Average was an outlier and showed positive action in Friday afternoon trades as the tech sell-off deepened and the S&P 500 fell below a key psychological level in the stock market today. Indexes were mixed after Israel launched a retaliatory attack on Iran. Nvidia, Meta Platforms and Amazon fell below the 50-day […]
Bitcoin’s “halving” is here. The event will see the supply of newly minted coin cut by 50%—this time it will drop from 6.25 to 3.125—and is expected in the coming hours. Occurring every four years, halvings are intended to keep Bitcoin inflation-resistant and has historically caused prices to soar. So, can we expect a Bitcoin […]
By Elizabeth Howcroft LONDON (Reuters) – Bitcoin enthusiasts were eagerly waiting for bitcoin’s ‘halving’ on Friday – a change to the cryptocurrency’s underlying technology designed to cut the rate at which new bitcoins are created. The halving, which happens roughly every four years, was written into Bitcoin’s code at its inception by pseudonymous creator Satoshi […]
The fourth quadrennial bitcoin halving is about 40 hours away with a little more than 200 blocks left to mine before the event. X As of early Thursday, there are fewer than 230 blocks to mine before the next halving. About 99.9% of the required blocks are already mined, according to data from Mempool.space. Mempool.space […]
JPMorgan said it expects bitcoin to fall after the reward halving. The bank’s analysis shows that the cryptocurrency remains overbought. Miners will be most affected by the event, the report said. The bitcoin {{BTC}} price is likely to weaken after the reward halving, a quadrennial event that slows the rate of growth in bitcoin supply […]
Bitcoin (CRYPTO: BTC) has been enjoying a strong year, with the digital currency hitting all-time highs in 2024. But that bullishness hasn’t been paying off for crypto mining stock Riot Platforms (NASDAQ: RIOT), whose shares are down 45% since the start of the year. Now nowhere near its 52-week high of $20.65, the excitement around […]
Bernstein recommends buying bitcoin miners Riot Platforms and CleanSpark ahead of the halving. Bitcoin’s bullish trajectory to resume after the reward halving, Bernstein said. The broker maintained its cycle high forecast of $150,000 by 2025. The “miner fear factor” is at its peak ahead of the imminent halving, and investors should buy outperform-rated Riot Platforms […]
Mining stocks have underperformed bitcoin this year. The CEOs of these companies remain upbeat ahead of the halving citing stronger balance sheets, the report said. Some CEOs noted the potential for consolidation in the sector, Bernstein said. Bitcoin {{BTC}} miners may have underperformed the cryptocurrency this year, but their CEOs remain upbeat as the reward […]
On April 19, or whenever a bitcoin miner mines block number 840,000, the amount of bitcoin {{BTC}} entering into circulation will halve from about 900 a day to 450. This event, colloquially known as the halving (sometimes halvening), looms large in the Bitcoin mindshare, one of those things that makes Bitcoin Bitcoin. Perhaps because it […]
