Bitcoin halving occurs about once every four years, and is designed to reduce the rewards for miners. With the fourth halving, the block subsidy has decreased from 6.25 BTC to 3.12 BTC. The reduction directly impacts miner revenue. The total supply of Bitcoins is capped at 21 million coins. (Image Credit: Bing Image Creator).
In short: Bitcoin’s latest “halving” — designed to reduce the rate at which new tokens are released into circulation — is complete. The halving resulted in a value fall to $99,340. Sceptics see it as little more than a technical change talked up by speculators to inflate the virtual currency’s price. Bitcoin, the world’s largest cryptocurrency, has
From what it’s understood, BTC’s market capitalisation went past the $1.1 trillion mark, which was last recorded in 2021. As per market experts, this BTC development highlights the diminishing dependence of the crypto market on the equity market which has resulted in BTC bullishness in the past. Reportedly, on February 26, 2024, while BTC secured
(Photo by Lokman Vural Elibol/Anadolu via Getty Images) Anadolu via Getty Images 2023 was quite a turbulent year for the digital asset industry, with the ongoing saga of FTX, Silicon Valley Bank collapse, massive fines and penalty of Binance, among others. The corner seems to be turning and 2024 is kicking off with great momentum