Satoshi

2024

Satoshi Nakamoto

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-halving-triggers-market-speculation/" data-wpel-link="internal">Bitcoin Halving Triggers Market Speculation</a><br></p>
<p style="text-align: justify">As a herald of potential growth in cryptocurrencies, the <a href="https://coin-turk.com/milyarder-yatirimci-bitcoin-btc-performansini-etkileyici-buldugunu-aktardi" data-wpel-link="internal">Bitcoin</a> halving has just occurred. This event, which happens every four years and has occurred three times before, has now turned all eyes towards the <strong><a href="https://en.coin-turk.com/vaneck-ceo-anticipates-all-time-highs-for-bitcoin-ahead-of-potential-fed-rate-cut/" data-wpel-link="internal">Bitcoin</a></strong> price. So, what exactly is happening in the market, especially with Bitcoin?</p> 
<h2 style="text-align: justify" id="how-much-is-bitcoin-now">How Much is Bitcoin Now?</h2> 
<p style="text-align: justify">We are witnessing another historic moment in the world of <a href="https://coin-turk.com/9-milyar-tlyi-gecti-turklerin-kapistigi-2-kripto-para-shib-luna-lunc-degil" data-wpel-link="internal">cryptocurrency</a>. Not only crypto enthusiasts but also the entire world has eagerly awaited this event.</p> 
<p style="text-align: justify">The halving, occurring at block 840,000, was an eagerly anticipated development throughout the crypto world. The price experienced a slight drop just before the halving, plunging from $64,000 to $63,000 within minutes.</p> 
<p style="text-align: justify">Following the halving, the price quickly adjusted to $63,900 and received a noticeable market reaction. Bitcoin’s 24-hour trading volume has also seen a nearly 40% increase, reaching $50 billion as of this writing.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-342455" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-coin-turk-com.png" alt="" width="1263" height="534"></p> 
<p style="text-align: justify">There is already speculation whether this fourth halving in four years will trigger a new bull market. Looking at past halving events, <a href="https://en.coin-turk.com/bitcoin-climbs-investors-eye-next-moves/" data-wpel-link="internal">BTC</a> has historically reached all-time highs (ATH) in the year following the event. Whether BTC will continue this tradition after its early ATH in March is a subject of curiosity.</p> 
<h2 style="text-align: justify" id="what-is-bitcoin-halving">What is Bitcoin Halving?</h2> 
<p style="text-align: justify">Years ago, Satoshi Nakamoto introduced the concept of 21 million Bitcoins and the phenomenon of cryptocurrency, which has captivated the world over the years. Nakamoto implemented a mining system in Bitcoin, designed to combat inflation by halving the rewards every four years.</p> 
<p style="text-align: justify">Halving is a system that cuts miners’ earnings by half every four years, making it harder to find new Bitcoins. Initially, Bitcoin offered a reward of 50 BTC per block. This reward was reduced to 25 after the first halving.</p> 
<p style="text-align: justify">Subsequently, the reward was reduced to 12.5 in 2016 and then to 6.25 in 2020. Following today’s halving, the reward amount has now decreased to 3.125.</p> 
<p style="text-align: justify">How this will impact the market is already a topic of interest. The potential scarcity of BTC due to the reward reduction could trigger significant price movements for the remainder of 2024 and into 2025, a topic frequently discussed among investors.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-halving-triggers-market-speculation/" data-wpel-link="internal">Bitcoin Halving Triggers Market Speculation</a></h5>

Bitcoin Halving Triggers Market Speculation

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