FXEmpire.com - Bitcoin’s 4th Halving event was executed on April 20, 2024 at block height 250,000, cutting down rewards issued to miners from 6.25 BTC to 3.125 BTC.

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Summary. The bitcoin halving event in April 2024 reduced the block reward for miners, which is expected to increase bitcoin’s price over time due to reduced supply and steady demand.

When Bitcoin was first launched in 2009, the block reward was 50 BTC. The first halving in 2012 reduced it to 25 BTC, followed by 12.5 BTC in 2016, and then to 6.25 BTC in 2020.

The Bitcoin blockchain implements reward halving every four years, reducing the amount of BTC paid to miners per block by 50% ...

In many ways, the stars have aligned for Bitcoin holders, with significant improvements in risk sentiment and supportive ...

The 2024 Bitcoin halving cut miner rewards in half, ... The block reward was reduced from 6.25 to 3.125 BTC, and Bitcoin maximalists knew that, historically, halvings have led to price surges.