The fourth halving occurred on the Ethereum Classic network, a fork of Ethereum. The block reward has decreased to 2.048 $ETC .

This programmed event happens roughly every two years, reducing rewards by 20% to reach a total issuance of 210.7 million ETC. This marks the fourth such event since 2017.

The ETC price did not respond positively; it saw a negative trend (-6.4%) over the week. The project currently ranks 25th on CMC with a market capitalization of $4.3 billion.