Big news! Bitcoin has completed its fourth halving. What impact will it have?

Just now, a big event happened. Bitcoin completed its fourth halving! This means that the Bitcoin reward that miners now receive has been reduced by half, from 6.25 to 3.125.

This halving is a challenge for miners because their main source of income has been reduced, and they will be more dependent on transaction fees in the future.

Historically, Bitcoin prices usually rise after halving, but Bitcoin had reached a record high before this halving. After the halving, the annual growth rate of new Bitcoins will decrease, but this impact will only account for a small part of global transaction volume.

In addition, the difficulty of mining may be adjusted after the halving, but the Bitcoin network is likely to adapt to this change and the hash rate (mining speed) will stabilize.

Overall, this halving is an important moment in Bitcoin's history. Although its direct impact on the price may be weakening, it is still a key factor in understanding Bitcoin's price cycle.