Summary
Bitcoin’s next halving is now projected to take place on April 15 instead of the meme-friendly 4/20 due to high ETF flows and price rallies. This is due to the Bitcoin network’s finite block space and increased transactions. Average daily volume of BTC has increased to $40 billion since mid-February, with a peak of $52 billion in March.
Key Points
1. The next Bitcoin halving is now projected to take place on April 15, rather than the previously anticipated date of 4/20, due to sky-high Bitcoin ETF flows and price rallies.
2. The shift in the halving date is a result of the Bitcoin network’s finite block space, with the halving scheduled to occur at block height 840,000 after processing 840,000 blocks of transactions.
3. The average daily volume of BTC has increased significantly since mid-February, reaching up to $52 billion in March, with a notable spike in trading activity following Bitcoin’s move towards setting a new all-time high.