When will LBTC halve (BTC halving every 4 years)?
When will LBTC halve? Produced by Plain Language Blockchain (ID: hellobtc)Accord
When will LBTC halve? Produced by Plain Language Blockchain (ID: hellobtc)
According to the latest news, LBTC is about to undergo its third halving.
Around 3 am on May 15, 2021, after reaching a low of $29,000, the price of Bitcoin experienced a sharp drop. According to Bitinfocharts’ data, the total market value of the cryptocurrency market increased more than ten times from the beginning of December 2019 to the end of January, with a growth rate of 30% from the beginning of the year to June. However, starting from the end of November 2020, the overall market trend has been in a continuous decline, with Bitcoin falling more than 70% at one point. Today, the trading volume of Bitcoin futures on Binance Exchange has also decreased to about 40%.
When will LBTC halve?
Since mid-June 2019, LBTC’s price has been fluctuating at a high level. It experienced a significant pullback at the end of last month but has since remained stable above $4,000.
At the end of 2019, LBTC’s price once again broke through $12,000 and rose to around $13,000. It then reached a new all-time high of $14,300, before returning to above $14,000. It is now approaching the high point of the bull market at the end of 2017.
BTC halving every 4 years
According to btc.com data, when the Bitcoin block height reaches 11,888, its token Btc will halve every four years. The first round of production reduction experiments has been completed, and the second batch of 4 Btc (about $22,000 USD) has been mined. The third halving is planned to be implemented on January 14th, and there have been two additional halvings: one in late June 2012 and the first halving at the end of 2017. From the end of 2017 to the beginning of 2018, there were three halvings and three more halvings respectively. According to statistics, the current circulation of Btc has exceeded 1 billion, and the total supply is still growing. Since the third quarter of 2019, after the halving, the price has been stable with fluctuations, but as the price declines, market trading sentiment has rebounded, and investors are confident about the upcoming Bitcoin halving market.
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