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One of the significant events of bitcoin is halving when the reward for mining is reduced by half. The last halving was done on May 11, 2020 while the next halving is scheduled to take place in the middle of 2024 following which the block reward will decline to 3.125 bitcoins.
One of the eagerly anticipated signals in the cryptocurrency market is the upcoming Bitcoin halving, slated for April. Historically, this event has catalysed a substantial price appreciation in Bitcoin and other tokens.
Bitcoin operates on a decentralized network powered by blockchain technology. Unlike traditional fiat currencies that are controlled by central authorities like governments or banks, Bitcoin's issuance and supply are governed by code.