Summary
TLDR: Bitcoin’s 840,000th block triggered the latest halving, cutting rewards for miners in half. Despite hype, price held steady at around $63,000. Uncertainty remains about the halving’s impact on price and mining. Experts debate if the halving was already priced in and what the future holds for Bitcoin. Miners will feel the effects of reduced rewards, with potential changes in the industry by 2028.
Key Points
1. The 840,000th block of Bitcoin was mined, triggering the latest Bitcoin halving, with the price of BTC holding steady at around $63,000.
2. Despite fluctuations in the Bitcoin price leading up to the halving, the event had a relatively muted impact on the price, with analysts debating whether the bull run was over and environmentalists questioning the effects on mining.
3. The halving reduced the rewards for Bitcoin miners from 6.25 BTC to 3.125 BTC per block, potentially impacting mining operations and profitability in the coming years.