Bitcoin Undergoes Fourth 'Halving', Impacting Miners and Market Dynamics

The recent Bitcoin 'halving' event has halved the mining rewards, potentially reshaping the cryptocurrency's mining industry and market expectations.

The Bitcoin network completed its fourth 'halving' on April 19, 2024, reducing mining rewards to 3.125 BTC from 6.25 BTC.
This reduction in mining rewards is expected to lead to consolidation in the mining industry and may influence Bitcoin's market price.
Despite the halving, Bitcoin's price remained relatively stable immediately after the event, with minor fluctuations.
Experts predict the halving could lead to significant price increases in the long term, though some believe the impact is already priced in.
The halving is part of Bitcoin's design to reduce inflation and increase scarcity, with a total cap of 21 million BTC intended.