The landmark occasion sees a reduction in Bitcoin miner rewards, dropping from 6.25 BTC per mined block to 3.125 BTC.
Bitcoin (BTC) has successfully gone through its fourth-ever halving event after posting its 840,000th block, the point at which mining rewards are slashed in half once again.
The event has the crypto community eagerly awaiting what’s next for Bitcoin’s price, with some predictions reaching as high as $250,000.
At the time of publication, Bitcoin’s price is $63,960, up 1.16% over the past 24 hours, as per CoinMarketCap data.