Summary
Bitcoin halving was initially predicted for April 20 with hopes of reaching an all-time high price of $69,000. However, the target date has shifted to April 15 with Bitcoin already surpassing $71,000. The latest estimate now points back to April 20. The halving is scheduled at block height 840,000, and the current block height is 835,701. The exact timing will depend on network activity. The increased demand for Bitcoin has been driving up block turnarounds. While the halving date may change, the current estimate is April 20. Stay updated through Decrypt’s Bitcoin halving portal.
Key Points
1. The Bitcoin halving event, which reduces the rewards for miners, was initially set for April 20 but has since shifted to April 15, then back to April 20.
2. Bitcoin’s price had surged past its all-time high to $71,000, creating excitement and uncertainty around the halving event.
3. The exact timing of the halving will depend on network activity leading up to the event, with the current estimate based on the mining rate of Bitcoin blocks.