$BTC Bitcoin has been on a wild ride, and understanding its journey requires a look back at its halving events. These programmed reductions in the reward for mining new blocks are crucial because they directly impact Bitcoin's supply. Each halving significantly cuts the rate at which new BTC enters circulation, creating scarcity.

Historically, halvings have been followed by periods of increased price action, though past performance is no guarantee of future results. With the most recent halving having just occurred, many are watching to see how this supply shock will influence Bitcoin's value in the coming months and years. It's a fundamental aspect of Bitcoin's design, aiming to make it a deflationary asset.