According to a report by MarketWatch, the next bitcoin halving is estimated to occur around April 19th.
Halving is a technical event in which the bitcoin supply is reduced by half, happening approximately every four years when the bitcoin mining reaches the limit of 21 million coins.
The upcoming halving is expected to reduce the bitcoin reward from 6.25 to 3.125 bitcoins.
Considering the previous three halvings that resulted in a price increase, it is anticipated that the bitcoin price may reach new all-time highs after the halving in April.
The first halving occurred on November 28th, 2012, when bitcoin surged from around $12 to $964 a year later. The second halving took place on July 9th, 2016, with bitcoin experiencing a 296% increase a year later and reaching a trading price of $19,752 on December 17th, 2017. During the third halving on May 11th, 2020, bitcoin was trading around $8,750 and rose by 79.7% after six months and 547.7% after one year.
On November 10th, 2021, bitcoin reached its all-time high of $68,990. While bitcoin has seen positive momentum with factors like the approval of bitcoin exchange-traded funds (ETFs) in the United States, it is currently trading around $52,000, which is approximately 25% lower than its peak in 2021.
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