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Bitcoin, celebrates its 11th halving anniversary today. Back in the day, a decade ago, it traded at a mere $12. Today, it’s worth a staggering $37,000.
Bitcoin passed its previous all-time high of $69,044.77 last month. Although the asset is now experiencing huge volatility ahead of the halving, many experts anticipate it to reach $100,000 this year.
At the start of 2024, Bitcoin miners received 6.25 bitcoins for correctly solving a problem and adding a block to the blockchain. Following the halving in April 2024, they earn just 3.125 coins.
This page was last edited on 19 February 2024, at 09:53 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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April 17, 2024 at 11:03 AM. ... 19 April, the latest bitcoin halving comes at a time when the crypto market is already buoyant, having hit an all-time high in March.
This year's halving reduced the reward to 3.125 BTC per block, sending Bitcoin's annual inflation rate to less than 1%. This process will continue until 2140, when the last Bitcoins will be mined.
The halving, which happens roughly every four years, was written into Bitcoin's code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are ...
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