Gate.io Market Watch: Bitcoin's Fourth Halving Narrative in the Making

2023-02-21, 07:44

[//]:content-type-MARKDOWN-DONOT-DELETE
[The Bitcoin halvin](https://www.gate.io/explore/bitcoin-halving-countdown/?ch=GM_blog_bitcoin1_20230221&utm_campaign=TR_k97ivf2g&utm_content=&utm_medium=CPM&utm_source=CH_sApqy83F&utm_term= "The Bitcoin halvin")g is still over a year away, but investors are already preparing for what is likely crypto's most anticipated recurring event, one that has become embedded in the psyche of crypto investors. With interest growing despite being so far from the deadline, could this be a sign of a renewed bull market in 2024?
![](https://gimg2.gateimg.com/image/article/16769652571280X1280.jpeg)

The halving, sometimes called "halvening," occurs every 210,000 blocks in the <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> blockchain. When it happens, the reward earned by miners for mining one block is cut in half. Since these rewards are the only way new BTC is created, the issuance rate of new BTC is significantly reduced.

A reduction in issuance is an intentional feature of <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>'s code and was implemented to manage the supply of BTC over time. The crypto exchange Gate.io has provided helpful info about the <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> halving and its importance on Gate Learn; it's worth checking out.

## How halvings can impact the market
Historically, the crypto market tends to rally soon after <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> halves. As noted on the Gate.io blog by crypto market researchers, this has made these events key psychological indicators as the consensus is that a halving precedes a green market. It's also worth noting that recent Google search trends show an increasing interest in the halving, though the trends have yet to reach past levels.

Although past performance alone is not an indicator of the future, the psychological factor of the halving events remains strong in the crypto space, despite its effect in terms of supply and demand decreasing with each halving. It's also important to recognize that the next halving is likely to occur under a different macroeconomic environment than the previous, as there remains a lot of uncertainty around the global economy.

## When is the next <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> halving?
Since the halving is based on block height, there is no set date. However, it can be estimated accurately. The fourth is likely to happen at the end of April 2024, according to Gate.io's halving countdown tracker. The page also provides a ton of great information about past halvings and how the events impact the market, and it's an excellent resource for tracking the next <a href="/uk/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> halving event.

**Author: Gate.io Marketing Aaron**
This article represents only the views of the researcher and does not constitute any investment suggestions.
Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.

Поділіться

Credit Ranking

Complete Gate Post tasks to upgrade your rank

Статті на тему

Newsroom

R2F0ZS5pbyDQodC/0L7QvdGB0L7RgNGD0ZQg0KHQsNC80ZbRgiDQkdC70L7QutGH0LXQudC9LdCV0LrQvtC90L7QvNGW0LrQuCDQkiDQotGD0YDQtdGH0YfQuNC90ZY=

2022-07-25, 06:31

Newsroom

Gate.io 2023 Outlook: Decentralized Technologies will Lead the Charge

As the new year begins, what advancements could help drive a renewed bull market in 2023?

2023-01-09, 09:30

Newsroom

R2F0ZSBHcm91cCDQntGC0YDQuNC80YPRlCDQm9GW0YbQtdC90LfRltGOIFZGQSBDbGFzcyA0INCSINCc0LDQu9GM0YLRliwg0JfQvdCw0LzQtdC90YPRjtGH0Lgg0KHQuNC70YzQvdC40Lkg0KHRgtCw0YDRgiDQoyDQhNCy0YDQvtC/0ZY=

2022-07-21, 08:12