The bitcoin halving will occur in the first half of 2024, we keep reminding people. But crypto data specialist Glassnode is not the type to settle for such vague information regarding the period of halving of BTC miners’ rewards. According to his calculations, the 4e bitcoin halving will take place in 129 days.
Halving Bitcoin scheduled for April 24, 2024
The BTC halving is sparking all kinds of speculation and analysis in the cryptosphere. If some move forward a bull run capable of propelling the queen of cryptos to $700,000 (prediction from Adam Black, CEO of Blockstream), others predict a slightly problematic situation for bitcoin miners.
Indeed, some struggle to survive after a significant increase in hashrate, even if they try to maximize their returns before their activities become less profitable.
“ By considering the average interval between Bitcoin blocks, over a 14-day window, we can estimate the number of days until the next halving event occurs.
Currently, the estimated time until the next halving is approximately 130 days.»
Based on this tweet, U°Today highlighted the fact that Glassnode was able to more approximately count the remaining days before the next Halving Bitcoin. There is nothing that changes compared to the period mentioned before: it will certainly take place in April 2024. Except that the analysis of the metric based on the average interval of bitcoin over a 14-day window allowed Glassnode to provide the details below.
The 4e bitcoin halving will arrive on April 23.
Now that the date is known, everyone will be able to adjust their actions according to their situation.
Other factors that can influence the bull run
The association of any halving of mining rewards with a surge in the price of BTC is not coincidental. THE 3e halvingwhich took place in 2020, effectively authorized a multiplication by 6 of its value.
And we are not ready to forget that Bitcoin reached two unforgettable ATHs a year later: the first valued it at $65,000 in April 2021, and the second at $69,000 in November of the same year.
What is the connection ? In fact, each halving has the power to make bitcoin even more deflationary than before.
Maximize your Tremplin.io experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
