Bitcoin Halving is a preprogrammed adjustment to the mining reward that occurs every 210,000 blocks. The second halving took place in July 2016, reducing rewards from 25BTC to 12.5BTC per block amid Pokémon GO fever. This contributed to an increase in prices for #bitcoin, with gains greater than 7,431%. By July 2017, this had increased by around 279%, demonstrating how the cryptocurrency is subject to unique market forces and periodic events that distinguish it from traditional financial assets like #USDollar or other fiat currencies.
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