Join Decrypt as we explore the Bitcoin Halving 2024 event. From countdown timers to expert insights on its impact on the market and future trends, get all the information you need to navigate the crypto landscape.
Stay ahead with our comprehensive impact analysis and expert predictions
840000Halving Block
835662Current Block
~10 minutesBlock Time
USD 66582Exchange Rate
USD 1.31 BMarket Cap
83.95 TDifficulty
Bitcoin is front and center again, and orange coin lovers everywhere have plenty to be excited about: new all-time high prices, the upcoming halving, rising demand for Ordinals—and soon, something totally new called Runes.
And while Runes won’t hit Bitcoin until the halving, when the supply of newly minted BTC is once again cut in half by slashing miner rewards, the project is already getting a lot of hype and attention. Here’s what you need to know.
What are Runes?
Runes is a new protocol from...
Feb 28, 2024
Markets
All eyes were on the price of Bitcoin on Wednesday as the number-one cryptocurrency by market capitalization topped $63,636 before tumbling to $59,557. Even so, two months before the halving, Bitcoin is less than 12% below its all-time high of $69,044 from November 10, 2021.
The distance Bitcoin needs to close before matching its all-time high continues to fluctuate; the last time Bitcoin ascended above $63,000 was April 12, 2021, according to CoinGecko.
Image: CoinGecko
Bitcoin’s rise to $60,00...
Feb 27, 2024
NFTs
As Bitcoin’s price rockets, the NFT-like Ordinals are staging a quiet comeback, with sales cross major Ordinals marketplaces crossing $19.7 million on Monday. More than $14 million in sales have taken place today, according to data from CryptoSlam.
The number has shot up since the start of the month, when daily trading volume was between $5-$6 million. But it still has a long way to go to reach what it stood at back in December—$85 million in trades.
And cross-chain marketplace Magic Eden is...
Feb 23, 2024
Markets
The Bitcoin halving is fast approaching—and market analysts tell Decrypt that there are unique circumstances this time around that will play important roles for traders and investors.
The lingering doubt for most is the age-old question: Is the Bitcoin halving priced-in?
The biggest digital coin by market cap has shot up in value following the past three halving events—but it wasn't immediate. And this time, there are other factors at play—including renewed interest from retail investors followi...
Feb 23, 2024
Coins
One of the largest Bitcoin mining facilities, Riot Platforms, has warned shareholders that there is "no guarantee" the Bitcoin halving will have a positive impact on its profitability.
Roughly every four years, Bitcoin is programmatically set for a "halving" which cuts the reward for mining new blocks in half as a way to keep inflation in check. Bitcoin is set for its next halving sometime in April with some speculators thinking that it will increase the price of Bitcoin.
But Riot Platforms is w...
Feb 23, 2024
Markets
Roughly $3.6 billion in Bitcoin options contracts across some of the largest derivatives exchanges will expire later today. What does that mean for the price of the biggest digital coin?
Most of the options are on Deribit, which has $95 million, and CME, which has $1.6 billion worth of expiring contracts, according to Coinglass and CME data.
In the world of derivatives, options allow traders to speculate on or hedge against the volatility of an asset. With Bitcoin options, traders purchase contr...
Feb 21, 2024
Markets
The resounding success of spot Bitcoin ETFs has been a boon for the price of Bitcoin, and its timing could not have been better. Why? The age-old principle of supply and demand.
In April, Bitcoin will experience its next ‘halving’, an event that occurs programmatically on the Bitcoin blockchain roughly every four years. With this, Bitcoin rewards for miners, the individuals responsible for securing the Bitcoin network, will be cut in half as a way to keep inflation in check. For the newly minte...
Feb 15, 2024
Coins
Bitcoin broke past $52,000 early on Thursday morning.
At the time of writing, the Bitcoin price is $52,227.86. That's a 1.3% gain from yesterday and 17% increase from last week. Volume has climbed steadily this week, with $37 billion worth of BTC having changed hands in the past day, according to CoinGecko data.
There's also lots to watch in Bitcoin derivatives markets. Since yesterday, the open interest in Bitcoin contracts has climbed to $24 billion—that's within spitting distance of the $24.2...
Feb 12, 2024
Business
Digital asset manager Grayscale predicts that the 2024 Bitcoin halving will play out differently than the past three, in a new report that highlights the market impact of U.S. spot Bitcoin ETFs.
In a report titled "2024 Halving: This Time It’s Actually Different," released Friday, Grayscale analysts point to Bitcoin ETFs providing a "new, steady demand source" that could counterbalance sell pressure from mining issuance.
While the report notes that Bitcoin's price has historically gone up after...
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