The highly anticipated halving event in the Bitcoin network has ended. So, what developments are expected in the BTC price now?
The Bitcoin network has successfully completed its highly anticipated “halving,” a major software update that occurs every four years. However, this incident dealt a potential blow to companies that make profits by keeping the BTC network running smoothly and securely.
The halving event reduces the amount of Bitcoin distributed from the network to companies, called miners, known as mining rewards, in exchange for verifying transactions. This change went into effect around 03:00 UTC on Saturday, according to data from analytics websites mempool.space and Blockchain.com. After the halving, the Bitcoin price remained relatively stable at $64,000.
Source - Bitcoinsistemi
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