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In the next day or two, bitcoin is expected to go through a preprogrammed event that will cut new production of the cryptocurrency.

At the time of the last halving in May 2020, for example, bitcoin’s price stood at around $8,602, according to CoinMarketCap — and climbed almost seven-fold to nearly $56,705 by May 2021 ...

The bitcoin halving event will occur on April 19 or 20, with optimists preparing for the price to increase. Here's what you need to know.

With the most recent halving behind us, how will it impact Bitcoin in 2024?

This halving is set against the backdrop of ever-broadening demand for Bitcoin, driven by the popularity of new Bitcoin ETFs.

It’s “Economics 101” that halving should theoretically bring higher bitcoin prices, but the token’s recent performance doesn’t indicate much hype.

Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.

Bitcoin has just hit a quadrennial event called the halving. It will effectively reduce the supply of new bitcoin in half — and some believe it will spark a huge rally.

Previous Bitcoin halving events have led to massive rallies. So will the next halving produce the same outcome?