$BTC The Bitcoin halving in 2024 marked a significant event in the cryptocurrency's history, reducing the block reward from 6.25 to 3.125 bitcoins per block. This process, occurring roughly every four years, is designed to control inflation and ensure the scarcity of Bitcoin. The halving underscores Bitcoin's deflationary nature and its appeal as a hedge against traditional fiat currencies. As with previous halvings, it sparked discussions about its potential impact on the market, mining profitability, and the long-term trajectory of Bitcoin's value.

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