Halving

A pre-programmed event in Bitcoin's protocol that cuts the block mining reward in half approximately every four years (every 210,000 blocks). Halvings reduce the rate at which new BTC enters circulation, enforcing Bitcoin's fixed supply of 21 million coins. The most recent halving in April 2024 reduced the block reward from 6.25 BTC to 3.125 BTC, and each halving has historically preceded significant bull market cycles.