From Investing.com:

Glassnode has estimated the Bitcoin halving date to be approximately 100 days away at block height 840,000, sparking anticipation in the cryptocurrency community. The halving, which occurs every four years, will reduce mining rewards from 6.25 BTC to 3.125 BTC per block, historically leading to price surges. The current price of Bitcoin stands at $42,476, with analysts optimistic about an impending rally.

The anticipation for a Bitcoin rally is growing as the estimated halving date approaches, signaling a potential increase in investment. The approval of spot Bitcoin ETFs by the U.S. SEC and the deinflationary nature of Bitcoin’s capped supply are contributing to this optimism. Despite the current price decrease, stakeholders are closely monitoring the potential impact on Bitcoin’s value in the coming months.



Read more: Bitcoin Rally Ahead? Here’s Estimated BTC Halving Date, According to Glassnode By U.Today