NFT News Daily TheBittimes.com

Only 15,000 blocks remain until the much-anticipated Bitcoin halving .  The halving is projected to occur on April 19, approximately 99 days away, marking a pivotal moment in the life cycle of the leading cryptocurrency. Historically, halving events have had significant impacts on the Bitcoin market. Previous trends show that Bitcoin will experience a major rally shortly after every halving. This is often due to increased public interest, speculative trading, and discussions about the future of cryptocurrencies.  Source: CoinGecko You might also like: Bitcoin halving 2024: Expert predictions point to major BTC price surge Analysts closely observe these periods, as past halving s have been followed by substantial increases in Bitcoin’s price, although with considerable volatility. This year, the anticipations are much stronger as the industry awaits the SEC’s imminent approval of spot Bitcoin ETFs.  Bitcoin halving occurs approximately every four yea...

As optimism returns to the cryptocurrency market with its representative asset, Bitcoin (BTC), crossing the threshold at $38,000 and establishing itself above it, more good news could be around the corner, considering that miners have only 21,000 BTC blocks left to mine until its next halving event. Specifically, as the Bitcoin halving, estimated to happen in April 2024, approaches with only 21,000 blocks left, the realized price, i.e., the average purchase price of all BTC, could rise with it, according to the chart pattern analysis shared by cryptocurrency expert Root in an X post on November 30. Indeed, the historical trends demonstrate that cycle bottoms for the flagship decentralized finance (DeFi) asset typically occur at 80,000 – 75,000 blocks left, after which the price steadily rises until the halving itself and then moves toward cycle peaks and even all-time highs (ATHs). Bitcoin blocks until halving scaled by realized price. Source: Root It is also worth noting...