The eagerly awaited bitcoin halving event has passed by quietly, signifying a pivotal moment in the realm of digital assets.

On April 19, 2024, the block reward for bitcoin miners underwent a halving, decreasing from 6.25 BTC per mined block to 3.125 BTC per mined block.

The fourth bitcoin halving occurred on April 19, 2024, at 8:09 p.m. Eastern Time.

The halving hits bitcoin miners first, slashing their block rewards, impacting profits, and potentially reshaping the mining industry.

Around one week before the halving event, on April 13, the price of one BTC dropped from over $67,000 to $62,000.

At that time, with the block reward set at 6.25 BTC, a miner would earn about $387,500 per block mined.

The bitcoin halving remains a pivotal event, shaping its supply dynamics and influencing its value proposition for years ahead.