In the fast-evolving landscape of digital currencies, Bitcoin stands as the pioneer, capturing the imagination of investors, technologists, and economists alike. At the heart of Bitcoin’s ecosystem lies a unique event known as the halving, which plays a pivotal role in shaping its supply dynamics and, consequently, its price trajectory.
As the fourth Bitcoin halving event unfolds today, let’s delve into the fundamentals of Bitcoin, the significance of halving, and the historical patterns surrounding its price movements post-halving.
Today’s Bitcoin halving is scheduled to happen around 8 p.m. ET on April 19th, at block height 840,000. This halving will reduce the block subsidy from 6.25 BTC to 3.125 BTC.
Bitcoin halvings are pre-programmed to happen every 210,000 blocks, approximately every four years. With each halving, miners receive 50% fewer bitcoins as a reward for mining and adding transactions to the blockchain….
