Bitcoin Halving 2020. The Bitcoin halving of 2020 will take place in May and pushes the block reward down from 6.25 Bitcoins to 3.125 Bitcoins per block. The current annual Bitcoin inflation is at 3.68% but after the 2020 halving the inflation will be cut in half to approximately 1.80%.
According to Binance Academy’s Bitcoin halving countdown, the next Bitcoin halving event is expected to occur by May 6, 2020. However, please be aware that the estimate may change from time to time. This is because Binance Academy uses sophisticated calculations and live blockchain statistics to estimate average block times and other factors that affect the timing of the next halving event.
Bitcoin Halving 2020: Everything You Need to Know. Coinmama May 3, 2020. Learn all about the Bitcoin Halving 2020 and how it will likely affect the Bitcoin price. Visit Coinmama to get up-to-date information and buy BTC before the Bitcoin Halving takes place!
At 7:23 p.m. UTC, on Monday, 11th May 2020, the crypto-community got what it was waiting for. The highly-anticipated Bitcoin Halving event finally took place.
In our previous analysis of the 2020 Bitcoin halving, we suggested that FOMO from Bitcoin investors as the halving approaches may result in significant upside movement. We believe that the most likely reason bitcoin price increases may materialise around the time of the halving would be due to the increased media attention and analysis which the halving spurs.
The Bitcoin halving is a planned reduction in rewards miners receive. Halvings happen once every four years or so. And the next one will take place in the early hours of Tuesday, 12 May 2020.
With Bitcoin’s halving arriving next month on May 11, 2020, the expectation across the world of crypto has long been that the valuation of the first-ever cryptocurrency would skyrocket, but last month’s catastrophic selloff has some questioning the theory. However, according to historical data, Bitcoin price is currently on pace with where the crypto asset was before the previous halving.
CoinGate On the 11th of May, 2020, Bitcoin’s blockchain went through a historic process called the block reward halving. Once it passed, the network started rewarding miners with 50% fewer bitcoins for verifying blocks and securing the Bitcoin’s decentralized network. The Bitcoin halving is a pre-programmed event that occurs every 210,000.