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Bitcoin halving, happening every 210,000 blocks, halves the reward miners receive for validating transactions. This reduction impacts mining profitability, potentially leading to increased mining difficulty as less efficient miners drop out. Economically, it decreases the rate of new Bitcoin supply, which can affect market dynamics, potentially boosting Bitcoin's price as scarcity increases. Investors and miners must adapt, balancing costs against rewards in this pivotal event.

Trader by day, techie by night. I trade and code.

Great explanation of Bitcoin halving! It's a crucial mechanism that maintains Bitcoin's deflationary nature and miner incentives. Investors should closely monitor how this affects market sentiment and price action.