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- Crypto Tea shared in an X submit at the moment that BTC recorded block quantity 817,062 yesterday.
- BTC’s low for this upcoming halving occasion appears to have been recorded at $15,758.
- At press time, BTC was capable of document a 24-hour achieve of 0.66% however was nonetheless down 1.42% on the weekly timeframe.
The X person Crypto Tea shared an replace concerning the Bitcoin (BTC) halving occasion in a submit earlier at the moment. In accordance with the submit, BTC reached block quantity 817,062 yesterday and was valued at $35,810.
The submit additionally confirmed the low costs BTC recorded throughout earlier halving occasions. On 14 January 2015, the market chief traded for a mere $176. Since then, the most important cryptocurrency when it comes to market cap had risen to document a low at $3,185 on 15 December 2018 for the subsequent halving occasion.
Thereafter, BTC recorded a low of $15,758 on 9 November 2022, which the market believes is the low for this upcoming halving occasion. The main cryptocurrency’s worth has risen considerably since recording this proposed low level, and was buying and selling at $36,612.18 at press time.
CoinMarketCap knowledge indicated that BTC was additionally capable of obtain a slight 24-hour achieve of 0.66%. Regardless of this, the cryptocurrency was nonetheless down on the weekly timeframe. At press time, the market chief’s worth was within the pink by 1.42% over the previous 7 days.
BTC was, nonetheless, outperformed by the remainder of the market all through the previous day of buying and selling. Subsequently, BTC’s dominance slipped 0.19% over the previous 24 hours. Nonetheless, BTC nonetheless held a demanding place available in the market, as its dominance stood at 51.45%.
The Bitcoin halving occasion, which is predicted to happen in April 2024, will see mining rewards for Bitcoin miners slashed in half. This specific occasion is hardcoded to happen each 210,000 blocks, or roughly each 4 years.
The upcoming halving occasion will see the present mining reward per block drop from 6.35 BTC to three.175 BTC. This may even be the fourth time that mining rewards have been slashed by the community.
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