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Google Searches for Bitcoin Halving Skyrockets as Major Event Approaches

source-logo  news.bitcoin.com 18 April 2024 03:19, UTC

The excitement surrounding the upcoming Bitcoin halving has led to a significant increase in Google searches for “Bitcoin halving,” with interest reaching its highest point ever, more than double that of the last halving event in 2020, and is predicted to hit peak popularity. The halving event, which reduces the rewards miners receive by half, from 6.25 BTC to 3.125 BTC, is scheduled to occur around 4am UTC on April 20, drawing the most interest from Nigeria, the Netherlands, Switzerland, and Cyprus. Although bitcoin’s price has cooled off after reaching a new all-time high in mid-March, market commentators suggest that historical patterns could indicate a significant rally following the halving event.

news.bitcoin.com