April 2024 marks Bitcoin's next halving, a significant event reducing mining rewards from 6.25 to 3.125 BTC. This change, happening every 210,000 blocks, is crucial for Bitcoin's scarcity and value. Miners are preparing for revenue impacts, with some potentially ceasing operations. Historically, halvings lead to market fluctuations, and with recent Bitcoin ETF approvals, the impact on Bitcoin's value is highly anticipated.
