Bitcoin Halving 2024: When Will It Happen and How Will It Affect the Price?
When is the 2024 Bitcoin Halving?
The 2024 Bitcoin halving is expected to occur in April 2024. However, it's important to note that this is just an estimate, and the actual date could vary slightly. There is a small chance that the halving could happen in either March or May.
How will the halving affect Bitcoin's price?
The Bitcoin halving is a significant event that has a major impact on the price of Bitcoin. Typically, the price of Bitcoin tends to increase in the lead-up to a halving, and then experiences a significant increase in value following the event. This is because the halving reduces the supply of new Bitcoins on the market, which increases demand and drives up the price.
Historical Bitcoin Halvings
The first Bitcoin halving occurred in November 2012, and the price of Bitcoin rose from $12.35 to $127.55 five months later. The second halving occurred in 2016, and the price of Bitcoin rose from $625 to $3,125 over the following months.
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