The so-called ‘bitcoin halving’ took place overnight from Friday to Saturday. The halving occurs every four years with the goal of reducing bitcoin inflation by decreasing the supply of the currency. The rewards for mining a new bitcoin are decreased during the halving period. This causes a decrease in the speed at which new bitcoins are added to the market. The scarcity of cryptocurrency increases its value, leading to higher prices. Miners are vital to the functioning of the Bitcoin network. Miners utilize advanced computers to tackle intricate mathematical equations, facilitating the addition of new transactions to the blockchain. The blockchain functions as a worldwide ledger for Bitcoin. Miners receive compensation through transaction fees for faster transactions and mining rewards in the form of newly generated bitcoins. At present, miners are rewarded with 6.25 bitcoins, which is equivalent to approximately $437,500. Following the most recent halving event from April 18 to April 21, the reward for mining will decrease to 3.125 bitcoins. This decrease in rewards will result in a slower production of new bitcoins, leading to a decrease in the overall supply.