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Will bitcoin halving affect the price of bitcoin in 2024?

In 2024, BTC price has already surged ahead of the halving, likely in anticipation of its effects. The impact of Bitcoin halving reverberates across the entire cryptocurrency market, influencing not only the price of Bitcoin itself, but also the dynamics of other digital assets.

Why did bitcoin halve in March 2024?

In the early months of 2024 leading up to the halving event, Bitcoin reached a new all-time high in March 2024. This was likely caused by a double effect of the anticipated halving event and the approval of spot Bitcoin exchange-traded funds (ETFs), which began trading four months earlier. When Is the Next Bitcoin Halving?

When does bitcoin halving start?

Around April 19-20, 2024, the block reward will be reduced from 6.25 Bitcoin per block to 3.125 Bitcoin per block. What is the Bitcoin halving? Every four years, on the halving day, the amount of new Bitcoins created gets cut in half.

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