Bitcoin interest rates are higher than ever before with less than 12 hours to go Liam ‘Akiba’ Wright * Just 1 hour earlier * Read 2 minutes
Bitcoin’s imminent halving event generates unheard of online excitement as the market values rebound.
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Updated: Apr. 19, 2024 At 3:43 PM UTC
CryptoSlate provided the cover art/illustration. Images may contain AI-generated or combined content.
There are less than 12 hours until the next Bitcoin According to tracking data provided by Santiment, a blockchain analytics platform, the interest online in this event is at its peak.
Santiment tracks social volume around the event. Volume spiked to its second highest level and dominance reached a new high of 3.87%.
![Bitcoins halving the social interest](https://cryptoslate.com/wp-content/uploads/2024/04/Screenshot-2024-04-19-at-14.35.04.png)
This year has seen a steady increase in interest for the Halfing The volume has fluctuated, with notable spikes occurring in March and February, and then a steady increase in April. Its dominance within the crypto community was minimal until last week. The interest in Bitcoin has increased by twofold over the last seven days, while its price has fallen from $70,000 down to $59,000.
![Bitcoin social interest to be halved by 2024](https://cryptoslate.com/wp-content/uploads/2024/04/Screenshot-2024-04-19-at-11.24.25.png)
Interstingly, the interest for this event differed between social media platforms. Telegram mentions are 90% lower than the previous halving of 2020. Reddit has, on the other hand, seen an increase in conversations about halving, which have broken through 2020’s peak multiple times during 2024. Reddit mentions are also down today, and have dropped to around half of what they were the day prior to the 2020 halving.
![Bitcoin interest on Reddit and Twitter is halved (Santiment).](https://cryptoslate.com/wp-content/uploads/2024/04/Screenshot-2024-04-19-at-11.26.52.png)
Twitter has a distinct pattern, with peaks in activity occurring in June 2023 and May 2022 before the recent upsurge in recent weeks. Although Twitter mentions are not at the same level as in 2020, there is a 10% difference.
![Bitcoin interest on Twitter is halved (Santiment).](https://cryptoslate.com/wp-content/uploads/2024/04/Screenshot-2024-04-19-at-11.27.03.png)
Bitcointalk forums show a sustained but meager level of interest, less than half in 2020.
![Bitcoin halving Bitcointalk interest (Santiment)](https://cryptoslate.com/wp-content/uploads/2024/04/Screenshot-2024-04-19-at-11.27.13.png)
![Bitcoin's halving of Google Trends Interest (Santiment).](https://cryptoslate.com/wp-content/uploads/2024/04/Screenshot-2024-04-19-152050.png)
While the number of discussions about the halving is not as high as in the past, the topic has become more important than before. Google Trends shows that the Bitcoin halving is on course to surpass all records in the world.
Bitcoin is now available for purchase as of the time of publication. risen As the half-off approaches, around 7% of shares will trade at around $64,000.