Bitcoin’s latest halving — when the block subsidy reward is cut to 3.125 BTC — is currently estimated to occur at around 9 p.m. ET today.
With Bitcoin’s latest halving estimated to occur around 9 p.m. ET today — when the miners’ block subsidy reward gets cut from 6.25 BTC to 3.125 BTC — we asked several firms in the industry what impact it could have on bitcoin’s price action.
"While others look at the Bitcoin price on a technical basis and predict it will increase, I, on the other hand, am looking at the basic fundamentals of supply and demand and drawing the same bullish conclusions," Greg Beard, CEO of Stronghold Digital Mining, added.The question of whether the bitcoin halving is priced in gets thrown around endlessly each time the halving comes around.
"While many participants are focused on the historical impact that halvings have had on the BTC price, few are talking about how long this typically takes to come to fruition. Each halving has resulted in peak prices between 10 and 16 months from the actual event. The key here is patience, but as we know, people seldom let their profits run," Glover said.
In January, spot bitcoin ETFs from BlackRock, Fidelity and others began trading in the U.S., and spot bitcoin ETF applications from China Asset Management, Harvest Global, Bosera and HashKey were subsequently approved by Hong Kong’s Securities and Futures Commission earlier this week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
673 BTC Bought by Bitcoin Whale as BTC Price Eyes ReboundBitcoin whale with accumulation of 4,451 BTC boosts holdings
Read more »
Suns skip play-in by toppling T-wolves 125-106 to set up 1st-round rematchBradley Beal scored 36 points on 6-for-6 shooting from 3-point range and the Phoenix Suns beat the Minnesota Timberwolves 125-106 on Sunday to stay out of the play-in tournament and set up a rematch in the first round of the NBA playoffs.
Read more »
Suns skip play-in by toppling T-wolves 125-106 to set up 1st-round rematchBradley Beal scored 36 points on 6-for-6 shooting from 3-point range and the Phoenix Suns beat the Minnesota Timberwolves 125-106 on Sunday to stay out of the play-in tournament and set up a rematch in the first round of the NBA playoffs. Devin Booker added 23 points and Grayson Allen had 20 points for the Suns (49-33).
Read more »
Suns skip play-in by toppling T-wolves 125-106 to set up 1st-round rematchThe Suns are set to rematch against the Clippers on Wednesday night in Los Angeles.
Read more »
Los Suns evitan el play-in al derrotar 125-106 a los TimberwolvesBradley Beal anotó 36 puntos, acertó sus seis tiros de tres puntos y los Suns de Phoenix vencieron el domingo 125-106 a los Timberwolves de Minnesota para evitar el torneo play-in con lo que ambos equipos se volverán a encontrar en la primera ronda de los playoffs de la NBA.
Read more »
Organization works to preserve 125 years of history at Montgomery County cemeteryThe last burial was back in 1945, after which Har Hasetim fell into massive disrepair.
Read more »