There are only 50 blocks left until the Bitcoin halving event, which is closely followed by the entire cryptocurrency market. Halving 840,000. The block will be processed from the moment it is mined.
According to the latest information, the halving will take place tonight at 05:26 Türkiye time (UTC+3). However, since block extraction times are not constant, there may be minor fluctuations in this time information.
After the halving, BTC miners will no longer receive a reward of 3,125 BTC per block, instead of 6.25 BTC. This will help reduce Bitcoin's inflation. This event will cut Bitcoin's inflation rate in half, from roughly 1.7% to 0.85%.
Before the halving, the BTC price experienced a partial recovery and at the time of writing, it is trading at $64,175, with an increase of approximately 1% compared to the last 24 hours.
JPMorgan analysts predict that production costs will rise to an average of $42,000 after the halving, and “this estimate is also the level at which we predict Bitcoin prices will drift once Bitcoin-halving-fuelled euphoria subsides after April,” the analysts wrote. However, looking at historical data, there are many analysts who think that the BTC price may experience an increase.
Because when historical data is examined, even if there is a decline in the first moments, it is extremely likely that BTC will reach high levels in the next medium and long term.
*This is not investment advice.
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