What Is Bitcoin Halving 2024. At the time, the reward for each block of mined bitcoin was cut in half from 6.25 btc to 3.125 btc. Volatile downturns were common, with markets consolidating before the next bull run.
According to popular analyst rekt capital, the current bitcoin halving event is not yet reflected. The first halving event reduced the bitcoin mining reward to 25 bitcoins per block from an initial 50 bitcoins per block.