NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

135 Days to Halving: Binance’s CZ Joins in the Bitcoin Countdown

Published 11/20/2023, 03:00 PM
Updated 11/20/2023, 03:15 PM
© Reuters 135 Days to Halving: Binance’s CZ Joins in the Bitcoin Countdown
BTC/USD
-

  • Changpeng Zhao signals that the fourth Bitcoin halving is expected to take place in the first week of April 2024.
  • Bitcoin halving is an event that reduces BTC mining rewards by half, decreasing the rate of new supply.
  • Analysts anticipate a bullish trend for Bitcoin following the halving event.

In a recent X post, Binance CEO Changpeng Zhao shared a screenshot of a countdown to the much anticipated Bitcoin halving. According to the countdown, the fourth Bitcoin halving will take place in the first week of April 2024.

Bitcoin halving is an event that reduces block rewards by half, meaning miners will be competing to create new blocks in the blockchain in return for a dwindling supply of fresh bitcoins. This process is hardcoded into the Bitcoin blockchain, and takes place approximately every four years. The screenshot shared by Zhao showed that the next halving is expected to take place 135 days from November 19, 2023.

Source: X

The first Bitcoin halving took place in 2012 when the block rewards were cut down from 50 BTC to 25 BTC. In 2016, the second Bitcoi…

The post 135 Days to Halving: Binance’s CZ Joins in the Bitcoin Countdown appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.