All cryptocurrency closely followed by the market Bitcoin There are only 50 blocks left until the halving event. 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, 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 forecast is also the level we predict Bitcoin prices will drift to once Bitcoin-halving-fueled enthusiasm 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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