2024 April 20: #Bitcoin has officially executed an event known as the halving, the fourth bitcoin halving occurred on Friday at a little after 8:09 p.m. Eastern Time. The event, which happens roughly every four years, essentially cuts the Bitcoin reward that miners receive for powering the network in half, reducing the new supply of BTC entering the market. Bitcoin's fourth halving occurred at block height 840,000, ushering in a new epoch for the network. As a result, the rewards for mining a block has reduced from 6.25 BTC to 3.125 BTC from this date onward and until next halving event which would occur in the year 2028.