But, why did BTC just drop?
The price of Bitcoin (BTC) dropped sharply after approaching $18,500 on Binance and Coinbase. The plunge took place as large sell orders were spotted on both spot and futures exchanges.
Brief, is Bitcoin going to half? Bitcoin's 2020 halving took place today. ... This will now diminish from 12.5 bitcoin to 6.25 and will halve again every 210,000 blocks until the last bitcoin is mined in 2140.
In spite of, what will Bitcoin halving do to price?
This supply effect increases Bitcoin's scarcity, which has, historically, increased the price. When Bitcoin first started, 50 Bitcoins were rewarded to miners per block produced. ... Thus, the upcoming halving will decrease the block reward to 6.25 coins per block or around US$8 million a day, at current prices.
How long does it take for Bitcoins to be halved?