Coinspeaker
Three Weeks Left till Bitcoin Halving 2024, Big Boost for Bitcoin ETF

The much-awaited Bitcoin halving 2024 is exactly three weeks or 21 days away from here scheduled to happen on April 19, depending on the block time average of the last 20,160 blocks. The next Bitcoin halving shall occur at block 840,000. However, some market analysts also believe that the exact date of halving might vary by a day more at around April 20.

The Bitcoin halving cycle represents a programmed reduction in BTC rewards. This reduction involves the halving of the mining rewards awarded to Bitcoin miners approximately every four years, which occur at every 210,000 blocks. In the upcoming Bitcoin halving, the miner rewards will reduce from 6.25 BTC to 3.125 BTC.

Several Bitcoin miners have already begun preparations to set the next course of action after halving. Most of the Bitcoin miners have been liquidating their holdings in the past few months and using the proceeds to upgrade their mining equipment.

Historically, Bitcoin halving events have been considered good for BTC investors as the supply reduction drives prices higher in the long term. Thus, many are expecting history to repeat once again with some giving Bitcoin price targets of $200,000 by 2025 end.

Bitcoin Halving 2024 Potentially Boosts ETF Momentum

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