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Bitcoin hits 19 million BTC mined

The total supply of Bitcoin is 21 million BTC, with the 19 millionth BTC being mined on April 1st.

At 11:21 PM on April 1st, the 19 millionth BTC was mined in block number 730002, mined by SBI Crypto mining pool.

This is another important milestone in the evolution of the world’s largest cryptocurrency, as the maximum total supply of Bitcoin will be only 21 million BTC. This means that there will be only 2 million BTC left waiting to be mined.

An increase in the total circulating supply of Bitcoin. Source: Blockchain.com
An increase in the total circulating supply of Bitcoin. Source: Blockchain.com

However, with the halving mechanism (halving BTC mining rewards) every 4 years, the 21 millionth BTC will only be mined until the year 2140. The next Bitcoin halving will take place around May 05/2024, halving the reward from the current 6.25 BTC/block to 3.125 BTC/block.

BTC price in the last 12 hours has sometimes recovered to $ 47,213, after a dump to $ 44,200 on April 1 after negative regulatory information from the EU.

15m chart of BTC/USDT pair on Binance exchange at 09:15 AM on 04/02/2022
15m chart of BTC/USDT pair on Binance exchange at 09:15 AM on 04/02/2022