Bitcoin’s Fourth Halving Cuts Miner Rewards to 3.125 BTC; Miners Produced 500k BTC

Bitcoin underwent its fourth halving event recently, which reduced miner rewards from 6.25 to 3.125 BTC per block. This halving, occurring less than three years after the previous one, has increased scarcity by cutting rewards in half again. Despite the reduced rewards, the price of Bitcoin reached a record high before the halving event. One year after the halving, miners have produced fewer than 160,000 BTC, while exchange-traded funds (ETFs) have purchased more than 500,000 BTC. This marks the third halving that has taken place without much public notice, highlighting ongoing shifts in Bitcoin’s supply dynamics and market behavior. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant