Bull is near, Bitcoin Ethereum Litecoin halving coming

On Feb 4, 2019

Halving is the hot news for every cryptocurrency as it results in reducing mining reward which boosts the coin price very high.

This time not only Bitcoin but also Ethereum and Litecoin mining rewards will be going to halve which is really very hot news for the whole market.

2018 Long Bear

From starting of 2018 whole market suffered from the long bear condition in which November was the worst month when Bitcoin price was fallen down from $6000 to $3200 but from Dec 2018 green candles in market wake up again.

2019 When Bull

2019 is started with green candles in the market with many big news like Ethereum fork which is postponed and Bakkt which is also postponed due to USA govt shutdown. But Litecoin and Bitcoin halving still in the news.

Bitcoin Halving History

Bitcoin halving occurs after every 4 years, First time Bitcoin halving was occurred in November 2012 by reducing the miner’s reward from 50 BTC to 25 BTC after that price was a boost in 2013 approx 50-60 times.

Then Bitcoin second halving was occurred on 9 July 2016 by reducing the miner’s reward from 25 BTC to 12.5 BTC after that price will start rising and Bitcoin price was boost again 50-60 times to achieve its new ATH (all-time high price) in December 2017.

Now Bitcoin third halving coming in May 2020 which is just 16 months away creating a bullish moment again.
This time again Bitcoin miners reward will reduce to half from 12.5 BTC to 6.25 BTC.

Check coindesk report on Bitcoin price history

Experts expecting again 50-60 times gain at the price of Bitcoin on the third halving of Bitcoin in 2020.

What do you think about it, please comment below!

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