Bitcoin Halving News LIVE Updates: As the much-awaited 2024 Bitcoin halving event draws near, market sentiments are soaring clouds high, with the broader crypto industry even witnessing a substantial price rebound today, April 19. A plethora of events in tandem with the BTC halving event unfolded in the past 24 hours, primarily attributed to the paradigm shift this event presents itself with.
Notably, Bitcoin’s price neared the $65k mark, as less than 100 blocks remained in the upcoming BTC halving. The token traded at $64,825 while writing, with a 2.86% jump over the past 24 hours.
It’s worth noting that Bitcoin slipped below the $60K mark today, resulting primarily from geopolitical tensions between Iran and Israel. However, with the halving frenzy weighing in, Bitcoin embarked upon a prompt upward momentum, garnering significant investor optimism on the token.
After the halving, typical market sentiment indicates a parabolic surge for BTC. In the long term, a parabolic upswing is expected to develop, but the coin is still expected to undergo a lengthy period of consolidation following its halving. Though the timetable for the same is still uncertain, several prominent figures have forecast a bull run in the market following the halving at some point in the future.
Bitwise CIO Matt Hougan is optimistic about the Bitcoin halving. The notion that surplus demand must virtually entirely pursue Bitcoin from those who don’t need to sell is a good one, he claims, adding that the market has undervalued the long-term desire for the cryptocurrency.
Intriguingly, with this halving event, the Bitcoin block reward halves, slipping from 6.25 to 3.125. Listed below are some of the latest updates from the industry.
Live
01:49:53 AM IST, 20 April 2024
Bitcoin Halving News LIVE: Rising Energy Cost to Likely Impact the Bitcoin Halving Bull Run
Finally, the fourth Bitcoin halving is here. But in contrast to past halving occurrences that have signaled seismic bull markets and all-time high prices for Bitcoin, the original cryptocurrency’s rise following the 2024 “halvening” might be impeded, among other things, by excessive energy usage.
01:01:06 AM IST, 20 April 2024
Bitcoin Halving News LIVE: The Halving of Bitcoin Is a “Price Non-Event,” According to Experts
Although significant, the impending Bitcoin halving is predicted to be a “price non-event,” according to Nigel Green, CEO of the international independent asset management and financial advisor deVere Group.
Implied volatility for the original cryptocurrency has grown in the run-up to the event, suggesting that there may be further price volatility surrounding this quadrennial event. The CEO of deVere, however, cautions against making bold predictions based only on this volatility because price fluctuations may not always result in favorable results.
12:36:49 AM IST, 20 April 2024
Bitcoin Halving News LIVE: Grayscale Bitcoin ETF Faces $1.6B Outflows as Bitcoin Halving Nears
As the Bitcoin halving event approaches, Grayscale’s spot Bitcoin ETF (GBTC) has reported substantial capital withdrawals. In the past five days alone, investors have withdrawn $89.9 million, a net outflow of $1.6 billion since January. This is indicative of growing investor sentiment in the broader market.
11:52:49 PM IST, 19 April 2024
Bitcoin Halving News LIVE: US Stocks Trade in Mixed Territory Ahead of Halving
While the S&P 500 dropped below a crucial psychological threshold in today’s stock market and the tech sell-off intensified, the Dow Jones Industrial Average stood out and saw positive action in Friday afternoon sessions. In the lead up to the fourth halving event, indices were mixed, with Bitcoin hovering around to $64,000.
11:38:27 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Bitcoin Halving Impact to Be Varied for Different Investors
The “halving” of Bitcoin is anticipated to occur shortly. However, the possible impact varies based on the connection to the coin; investors and miners are probably going to be affected in various ways.
“This halving is not that big of an issue to the folks who possess bitcoin because they believe it to be a decent store of currency. But it’s a big thing to the miners, said Omid Malekan, a Columbia Business School adjunct lecturer.
10:51:33 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Terra Classic Poised for Positive Momentum Ahead of Bitcoin Halving
Ahead of the Bitcoin Halving, investors in Terra Classic are ecstatic about the prospect of a perhaps bigger bullish breakout on Friday. The rise in the price of Bitcoin that day, which recovered some of its earlier losses and peaked at $65,000, has also altered the picture for the entire cryptocurrency industry. This weekend could see a rally if the price of LUNC maintains the strengthening technical structure supported by optimistic market mood.
10:25:10 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Bitcoin Halving Inches Closer With Just 50 Blocks Left
The most anticipated Bitcoin Halving now remains nearly 50 blocks away. With the approaching halving, the market is also placing bets about the future course of OG-cryptocurrency.
10:06:10 PM IST, 19 April 2024
Bitcoin Halving News LIVE: BitMEX Research Terms Upcoming Halving Unique
The forthcoming Halving will be significantly closer to Bitcoin’s difficulty adjustment than the first three halvings. In particular, BitMEX Research declared in a tweet that a difficult adjustment period will see a halving of BTC emissions two-thirds of the way through.
As a reminder, this 4th halving will occur two thirds of the way through a difficulty adjustment period https://t.co/ImMO3mps7e
— BitMEX Research (@BitMEXResearch) April 19, 2024
09:19:23 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Coinbase Sees Macroeconomic Backdrop Driving Market Post Halving
Even if the fundamentals of the cryptocurrency space are still solid, Coinbase stated in a research paper on Thursday that the path of digital asset markets in the wake of the bitcoin (BTC) halving is more likely to be determined by macroeconomic variables.
08:54:01 PM IST, 19 April 2024
Bitcoin Halving News LIVE: JP Morgan CEO Downbeats Bitcoin While Market Stays Bullish on Halving
The CEO of JP Morgan returns to some of his old jabs, referring to Bitcoin as a “decentralized Ponzi scheme.” Although he referred to Bitcoin as a “public decentralized Ponzi scheme,” he did acknowledge the usefulness of smart contracts and blockchain. Dimon has stated that authorities need to “shut it down” if the problematic use cases cannot be resolved.
The JP Morgan CEO revisits some of his classic digs, calling BTC a “decentralized Ponzi scheme.” He called Bitcoin a “public decentralized Ponzi scheme,” but conceded that blockchain and smart contracts have value. Dimon has said that if the bad use cases can’t be solved,…
— Wu Blockchain (@WuBlockchain) April 19, 2024
08:26:04 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Bitwise CIO Matt Hougan Stays Bullish on Bitcoin Halving; Sees Long-Term Demand
Bitwise CIO Matt Hougan is optimistic about the Bitcoin halving. The notion that surplus demand must virtually entirely pursue Bitcoin from those who don’t need to sell is a good one, he claims, adding that the market has undervalued the long-term desire for the cryptocurrency.
1/ Everyone wants to know if the bitcoin halving is priced in or not. IMO you can overthink this — of course cutting new supply in half is good for price. But if you need to delve into economic theory and the Efficient Markets Hypothesis on this, here goes.
— Matt Hougan (@Matt_Hougan) April 19, 2024
08:01:40 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Michael Saylor Scoops Profits With MicroStrategy Share Sale Ahead of Bitcoin Halving
With the selling of MicroStrategy shares this year, Bitcoin advocate Michael Saylor has profited $370 million. A stock-sale deal was made last year between MicroStrategy and its founder, allowing him to sell his shares of the company until April 2024. On Wednesday, he also sold shares worth $3,023,309 with sales prices for these shares between $1,189.12 and $1,258.05.
The move comes right before Bitcoin halving as BTC price rallied to a new all time high.
07:32:18 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Only 70 Blocks Left To Halving!
With only hours remaining for the upcoming halving event, the block height on the BTC network further shredded to land at 70, highlighting imminent reduced rewards for miners. This shrouds a cloud of an enigma over BTC’s price movements post-halving.
Bitcoin Halving Day 2024 – 11 hrs to go – 70 Blocks Remain pic.twitter.com/BoK976SPAE
— MartyParty (@martypartymusic) April 19, 2024
07:14:11 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Analyst Points Out Bitcoin Peak Post-Halving
Crypto market analyst Rekt Capital recently took to a post on X to discuss Bitcoin’s market dynamics, drawing comparisons with historical data. The analyst spotlighted Bitcoin’s previous bull market cycles, stating that the BTC token peaked 518-546 days after the last Halving event.
However, with the token showcasing signs of an accelerated cycle, as it reached its recent ATH roughly 260 days ahead of its schedule, further accompanied by its pre-having corrections, a peak could be witnessed by December 2024 or February 2025.
When Could Bitcoin Peak In This Bull Market?
Historically, Bitcoin has peaked in its Bull Market 518-546 days after the Halving (Chart 1)
This is how typical Bitcoin Halving Cycles have progressed
So if history repeats…
Next Bull Market peak may occur 518-546 days… pic.twitter.com/QXZUS7ZyjU
— Rekt Capital (@rektcapital) April 19, 2024
06:54:41 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Bitcoin Hashrate Reaches Unprecedented Levels
Amidst the rising BTC halving frenzy, Bitcoin’s hashrate scaled new heights, reaching 650.35EH/s, with the mining difficulty now standing at 86.39 trillion. This underscored a positive sentiment for Bitcoin in the market, attributing to increased security on the network, accompanied by stability, reliability, and increased confidence among miners.
06:12:44 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Binance Co-founder Shares Key Insights On BTC Halving
In a post shared on X today, Binance CEO ‘CZ’ Changpeng Zhao stated that Bitcoin halving is nothing like stock splits. He further ruled out past price movements, suggesting that Bitcoin will hit multiple ATHs (All-time-high) in the long-run post-halving.
Someone asked me if bitcoin halving is like a stock split… We are still early. (Answer is no)
Happy halving! pic.twitter.com/gxAvfOpGQH
— CZ 🔶 BNB (@cz_binance) April 19, 2024
05:51:05 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Only 91 Blocks To Halving!
The crypto market braces itself for the upcoming BTC halving as only 91 blocks remain. With only hours to go, crypto investors appear to be on their toes, expecting the event to impact BTC’s price action.
Bitcoin Halving in less than 100 Blocks.
Today is the day! 🚀 pic.twitter.com/SFVsecKBfj
— Bitcoin Archive (@BTC_Archive) April 19, 2024
05:28:27 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Bitcoin Price Hits $65K
Following a noteworthy price rebound embarked upon by Bitcoin, the BTC token briefly topped $65K as of press time. With a 3.59% surge in the past 24 hours, BTC topped $65K despite its recent slip below $60K, nabbing global attention.
05:25:09 PM IST, 19 April 2024
Bitcoin Halving News LIVE: Bitwise CEO Anticipates BTC to Hit $100K Following Halving
Bitwise CEO Hunter Horsley recently took to a post on X, illustrating a sense of bullishness on BTC to hit $100K post-halving. He attributed this anticipation to historical data on BTC’s price movement.
I think people are dramatically underestimating the halving.
The market has never priced it in before, and won’t have priced it in this time.
For the prior 3 halvings, after investors spent months discussing if it was priced in, here’s what happened in the 12-months after…
— Hunter Horsley (@HHorsley) April 19, 2024
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
