Less than 15,000 blocks until Bitcoin halving

Quick Take

Bitcoin’s halving is fast approaching. Current on-chain analysis indicates that less than 15,000 blocks are remaining until this pivotal moment, with a tentative date set for April 20. The most recent difficulty adjustment showed an increase of 1.7%.

As it stands today, approximately 900 Bitcoins are mined each day. Post-halving, this number will decrease to 450 Bitcoins daily or an inflation rate of less than 1%. An Alpha analysis conducted by CryptoSlate investigates which event will have a more substantial impact: the halving or the introduction of an Exchange Traded Fund (ETF).

Assuming the hash rate maintains this momentum and blocks continue to be mined every 10 minutes, this pace pushes the estimated halving date to April 22. However, slight variations in the block mining speed could adjust this date.

With mining happening slightly faster, at 9:40 minutes per block, the halving event could occur earlier on April 19. Conversely, if the pace slows to 10:20 minutes per block, the halving date moves to April 26, according to Clarkmoody. This anticipated date range sets the stage for an event that holds significant implications for Bitcoin’s market dynamics.

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