Bitcoin Halving: Top Cryptocurrencies' Impacts Assessed

Quick Summary:

People are buzzing about its impact, such as its impact on Bitcoin miners – the event will cut in half the rewards miners get for verifying transactions.

Meanwhile, after the 2020 halving, Altcoins didn’t witness immediate surge, but within 18 months, their market value surged from $68 billion to over $1.7 trillion, marking a 25x increase.

Bitcoin halving directly affects the profitability of Bitcoin mining operations, prompting miners to adjust their strategies and investments in response to the reduced mining rewards.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: Bitcoin News Bitcoin Halving

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-19 @ 08:09:18 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 1261 words

Reading Time: 8 minutes read

Sentences: 84 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 20726500

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 2 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 23 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions