The crypto community and many of its most high-profile players have started to shift their focus toward the Bitcoin halving, a 4-year cyclic event that cuts the Bitcoin market supply in half. With the next halving event scheduled for April 2024, the Bitcoin mining reward will reduce from the current 6.25 BTC per block to 3.125 BTC per block.

Binance CEO Chang Peng Zhao took to Twitter to set the countdown for the next halving in an X (formerly Twitter) post to remind everyone that the next BTC halving event is only 135 days away.

#Bitcoin halving soon. pic.twitter.com/xp4mWyMKkD

— CZ Binance (@cz_binance) November 19, 2023

Historically, Bitcoin halving is also linked to bullish…

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