Halving is an event that takes place every four years in the cryptocurrency world. It is followed particularly closely by the community, as it has the effect of boosting the Bitcoin price every time. The next halving event is due to take place in April 2024.
If you're a cryptocurrency owner, you've probably noticed that the value of Bitcoin has been rocketing since the start of the year, carrying almost all other virtual currencies with it. Bitcoin broke its all-time record in early March, before topping the US$73,000 mark on March 13, 2024. One of the reasons for Bitcoin's rise is the so-called halving effect.
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