#BitcoinHalving Completed❗️❗️

🔶What is Bitcoin Halving❓

Bitcoin halving is a cryptocurrency term that refers to the halving of the reward amount given to miners for adding new coins to the Bitcoin (BTC) network. This event is related to the fact that the total supply of Bitcoin is limited to 21 million units and occurs every 210,000 blocks, that is, approximately every four years. Halving slows the rate of increase in Bitcoin's supply in a predictable manner within the protocol, thus helping to preserve the value of Bitcoin.

🔶The following effects are generally observed after Bitcoin halving:

✔️Price Increase: Following the previous halving events, there was an increase in the prices of $BTC .

✔️Mining Profitability: A decrease in the reward amount may cause some miners to stop their activities and the remaining ones to earn more profit.

✔️Market Volatility: Halving usually causes increased market volatility and can lead to increased speculation in the cryptocurrency world.

The last halving event took place on April 20, 2024, and this caused the rewards miners received per block to be halved5. This process is designed to preserve Bitcoin's rarity and affect the supply-demand balance.

🎁Don't forget to like and follow us #KriptoBurak #CoinHaberi