of Bitcoin halving—A quadrennial event that significantly reduces the rewards miners receive for supporting the network—It looks like the goal for April 20th will be achieved. (4/20) As of last month's Valentine's Day. At the time, Bitcoin investors were praying for a new all-time high of $69,000. Ahem.
However, just over a week ago, the halving target was moved up to April 15th, and Bitcoin had already surpassed its all-time high, reaching $71,000. meme number Was your dream broken?
Well, that's only partially true, but it looks like Bitcoin's halving is once again set for April 20th.
Will the latest predictions come true? Only time will tell. The latest April 20th goals are provided by: DecryptionUnique Bitcoin Halving Trackernot only collects the latest reports on BTC, but also provides a handy countdown to the estimated halving time.
As the final date approaches, such estimates will likely change and fluctuate further, but the closer they get, the easier it is to provide an accurate window. That's because halving occurs at a specific block number on the Bitcoin blockchain. when Whether a block is mined or not depends largely on how much network activity occurs up until then.
Bitcoin blocks are typically mined at a rate of about 10 minutes, so if that's true, the 4/20 estimate should be spot on. However, sometimes it's his two minutes between blocks, and sometimes it's 15 minutes.
The halving is going to happen at a block height of 840,000 no matter what, and the current block height is 835,701. Each block can hold approximately 2,700 transactions; ton As demand increases, block turnaround accelerates. With fewer transactions, processing may be a little slower.
There's been incredible demand on the Bitcoin network lately, and what's going on with spot ETF issuers? Fill your BTC bag In order to fill their funds, individual investors buy and sell around Bitcoin's multiple all-time high price milestones. Bitcoin ordinal numbers like NFTs look new demand Just like people name and exchange works of art and collectibles.
Will Bitcoin halving take place on April 20th? perhaps. It's quite possible. As of this writing, this is our best guess based on data.But stay tuned DecryptionBitcoin Halving PortalBecause it is likely that the block of destiny will continue to bounce as it approaches.
