The Bitcoin halving, a core feature of the cryptocurrency’s protocol, will soon reduce the block reward from 6.25 BTC to 3.125 BTC, cutting the supply of new bitcoins by half approximately every four years, or every 210,000 blocks. This event, anticipated to occur in the coming days, aims to make Bitcoin scarcer, acting as a deflationary force and enhancing its value as a store of wealth. Investors are optimistic about potential price increases post-halving, whereas miners face the challenge of adapting to the reduced rewards. As the reward for mining a Bitcoin block halves, miners must increasingly focus on operational
Why is the crypto market up today?
