The leader crypto currency Bitcoin, after seeing the all-time high level in March 2024, all eyes turned to the Bitcoin halving, expected to take place in mid-April.
With the Bitcoin halving, it comes to a situation where the reward per new Bitcoin block that miners receive will be halved. We can explain the goal of halving as to slow down the entering new coin supply to the Bitcoin network. According to protocol, Bitcoin halving occurring once in every 210 thousand blocks, is an event in the coding of the crypto currency.
The Bitcoin halving is expected to take place on April 15, 2024 according to estimations. The way in which the Bitcoin price will be affected after the halving is one of the most curious issues.
When we look at the previous Bitcoin halvings, we see that the rise in Bitcoin price before the first halving in 2012 was replaced by a decrease at the end of 2013. We also know that after the second Bitcoin halving in 2016, Bitcoin entered a rising trend nine months later and hit an ATH 12 months later. During the last halving in May 2020, a similar cycle occurred and the BTC price saw an increase.
In today’s analyses, we see that the mining difficulty has increased significantly before the halving. Despite the increase in difficulty, the upward movement in Bitcoin price allows miners to earn more profit. Even if mining rewards are halved with Bitcoin halving, if a new rally occurs and BTC hits ATH again, miners are likely to benefit from this endeavor.
The Bitcoin price, after reaching the ATH on March 14, rose to around $73,750, according to CoinMarketCap data at the time of writing of this article, it is being traded at $69,000.
Although the current BTC price is still at a low level for institutional investors, it’s not very possible for small investors to make BTC investment. Nevertheless, investors interested in Bitcoin and focusing on short-term projects that will bring profit before the halving are lining up to purchase Bitcoin Minetrix tokens, which offer an effortless BTC mining solution.
Bitcoin Minetrix Token Reaches 13 Million Dollars
Bitcoin Minetrix, which offers the opportunity to make effortless, decentralized, and expense-free BTC mining to participants, is progressing rapidly with its pre-sale. In the project that meets the investors through the staged pre-sale event, it was quite lively days before the Bitcoin Halving.
Bitcoin Minetrix tokens offered for sale with the symbol BTCMTX allow holders to benefit from the Stake and Mining mechanisms. Investors can stake BTCMTX tokens with cloud mining credits. Cloud mining credits ar
