Bitcoin

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April

Rekt

<a href="https://coingape.com/glossary/bitcoin-halving/" rel="noopener noreferrer nofollow">Bitcoin halving</a> is an event where miner rewards are split in half, and they receive half the number of bitcoins for verifying transactions.&nbsp; Halving takes place after every 210,000 blocks or every four years until bitcoins’ total supply of 21 million is reached. Halvings are important for investors because they <a href="https://coingape.com/blog/will-bitcoin-halving-impact-bitcoin-mining/" rel="noopener noreferrer nofollow">reduce the rate</a> at which new bitcoins are created. This potentially <a href="https://coingape.com/blog/will-bitcoin-price-go-up-after-halving/" rel="noopener noreferrer nofollow">raises bitcoin prices</a> if demand remains stable.
The next halving is expected in April 2024, around when the network hits 740,000 blocks. At that time, the block reward will decrease from 6.25 to 3.125 bitcoins. The exact date is uncertain due to the variable time it takes to generate new blocks on the network. Let’s delve into the five phases highlighted by <a rel="noopener noreferrer nofollow" href="https://twitter.com/rektcapital/status/1757054045594747015" target="_blank">Rekt Capital</a>, providing insights for traders and enthusiasts alike.
<figure id="attachment_180109" aria-describedby="caption-attachment-180109" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/02/Bitcoin-halving-stages-chart.jpeg" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-180109" src="https://coingape.com/wp-content/uploads/2024/02/Bitcoin-halving-stages-chart.jpeg" alt="Phases of Bitcoin Halving" width="680" height="495" srcset="https://coingape.com/wp-content/uploads/2024/02/Bitcoin-halving-stages-chart.jpeg 680w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-halving-stages-chart-300x218.jpeg 300w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-halving-stages-chart-678x495.jpeg 678w, https://coingape.com/wp-content/uploads/2024/02/Bitcoin-halving-stages-chart-150x109.jpeg 150w" sizes="(max-width: 680px) 100vw, 680px"></a>
 <figcaption id="caption-attachment-180109" class="wp-caption-text">
 Phases of Bitcoin Halving (Courtesy: Rekt Capital)
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The post <a href="https://coingape.com/blog/phases-of-bitcoin-halving/" rel="noopener noreferrer nofollow">Bitcoin Halving Phases : 5 Phases of Bitcoin Halving Explained</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Bitcoin Halving Phases : 5 Phases of Bitcoin Halving Explained

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