Bitcoin halving doesn’t just impact BTC’s price, but the entire crypto market. With all eyes on the event, it’s crucial to understand how it works so you’re prepared when it takes place in 14 days. Here are the basic facts:
Bitcoin halving is a pre-programmed event that cuts the reward given to miners by half, intending to lower inflation by reducing the amount of new BTC created.
Taking place roughly every four years, the halvings thus far have reduced the reward for mining a block from 25 BTC to 12.5 BTC and then to 6.25 BTC.
The effect of halving on Bitcoin's price is debated, but the anticipation of the event has historically led to increased market activity.
