Thursday November 28, 2024 10:00 PM
4 days 19 hours ago
On November 28, 2024, the cryptocurrency community marked the 12th anniversary of Bitcoin's first halving, which occurred in 2012. This pivotal event reduced the mining reward from 50 Bitcoin (BTC) to 25 BTC, with the price of Bitcoin at that time being approximately $12. The halving is significant as it impacts the supply of Bitcoin, making it a scarcer asset. Currently, the next halving is anticipated to take place in April 2028. As of the anniversary, Bitcoin's price is nearing $100,000, with only 1.2 million BTC left to mine, further emphasizing its scarcity. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
BTC|MINING|TRADING
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