#Halving! What is it?

Bitcoin was designed from its inception by its creator, nicknamed Satoshi Nakamoto, to have a limited supply of 21 million units. Nakamoto wrote the halving into Bitcoin's code, and it works by slowing down the speed at which new Bitcoin comes into circulation. Approximately 19 million bitcoins have been released so far. was exiled.

Bitcoin's blockchain is designed so that a halving occurs every 210 thousand blocks are added to the chain, that is, approximately every four years. In the halving, the amount of Bitcoin offered as a reward to miners is halved. This makes mining less profitable and slows down the production of new bitcoins.

In conclusion; It's all a matter of supply and demand

It is quite difficult to determine the reasons for the crypto rally as there is much less transparency than other markets.

#Bitcoin