<ul><li>Bitcoin's block reward system cuts in half every four years, a process known as "halving," which decreases the rate of new Bitcoins being produced.</li><li>This system will continue until around 2140 when the limit of 21 million coins is reached, and miners will then receive fees for processing transactions.</li><li>As of April 2023, about 19.3 million Bitcoins were in circulation, leaving just around 1.68 million left to be released via mining rewards.</li><li>This rally is being attributed to the upcoming 'Bitcoin halving' event, which is set to occur around April 2024.</li></ul>

What is Bitcoin halving and why does it matter?

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