Shiva Ganesh
The fourth Bitcoin halving took place on April 19, 2024, reducing the block reward from 6.25 BTC to 3.125 BTC.
Despite the halving, Bitcoin's price remained flat immediately after the event, trading around $63,000.
Bitcoin lost over 16% in April, marking its worst month since the FTX crash in November 2022.
The broader crypto market also suffered, with the total market capitalization shedding nearly 18% of its value.
Some analysts expect a sell-off to the mid-to-low $50,000 region for Bitcoin, which could present a buying opportunity.