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Bitcoin's Fourth Halving on April 20, 2024 Cuts Reward to 3.125 BTC

Apr 20, 2024, 12:15 AM

The fourth Bitcoin halving event occurred on April 20, 2024, reducing the block reward from 6.25 to 3.125 BTC. This significant event in the cryptocurrency world marks a new era of increased scarcity for Bitcoin, potentially influencing its market value. The halving, which takes place approximately every four years, is a mechanism to control the supply of Bitcoin and is often followed by significant price movements. The milestone was reached at block height 840,000, mined by ViaBTC, and was widely celebrated within the cryptocurrency community.