Bitcoin passes halfway point in halving cycle as price gains trail prior cycles

What Happened

Bitcoin's network is halfway through its current halving cycle, with the next halving expected April 12, 2028. The halving reduces miner rewards by 50% every 210,000 blocks, approximately every four years. Currently, 3.125 BTC per block are issued, with around 450 BTC generated daily. Bitcoin has appreciated 15% since April 2024, rising from $64,000 to under $75,000, but underperformed previous cycles. The network's 20 millionth bitcoin was recently mined; 114 years remain to mine the final million coins.

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