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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.
The 2024 bitcoin halving on 19 April will see rewards for mining the cryptocurrency drop from 6.25 to 3.125 (Getty Images/iStockphoto)
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.
The reward for mining halves every 210,000 blocks. It started at 50 bitcoin, dropped to 25 in late 2012, and to 6.25 bitcoin in 2020. The most recent halving, which occurred on 20 April 2024 at 12:09am UTC (with block number 840,000), reduced the block reward to 3.125 bitcoins. [14] [15] The next halving is expected to occur in 2028, when the ...
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In January 2024, the first 11 US spot bitcoin ETFs began trading, offering direct exposure to bitcoin for the first time on American stock exchanges. [ 59 ] [ 60 ] In December 2024, bitcoin price reached $100,000 for the first time, as US president-elect Donald Trump promised to make the US the "crypto capital of the planet" and to stockpile ...
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.
Bitcoin’s halving is currently scheduled for 26 April, 2024, with pseudonymous crypto trader PlanB noting another historic price trend that could signal more gains over the coming months.