Bitcoin Halving In 3 Days: What To Expect From BTC This Week And In 2024
Approximately every four years, the price of Bitcoin (BTC) undergoes a significant event called a halving. This process, which is written into the source code, is meant to bring anti-deflationary characteristics to the token and has helped the price appreciate in the past. However, this time may be different. Take a look. For starters, the halving is an event in which the amount of new Bitcoins released each block is halved. Currently, the number of new Bitcoins released each block — which occurs approximately every 10 minutes — is 6.25. After the halving, this number will decrease to 3.125 ne…