Bitcoin halving is simply that bitcoin miners (people who are doing the mathematical calculations to process transactions and generate new bitcoin) will only get HALF the reward that they would have before.
What is Bitcoin halving designed to do?
Simply put, it’s designed to create supply and demand. With less supply, there is greater demand and thus the value of each Bitcoin is generally expected to increase.
Like QE for fiat currencies.
In effect, it has the same effect on the price of Bitcoin as quantitative easing (printing invisible money) that governments do to stimulate the economy. It reduces the price because it costs half to make the coins. You can see from the chart it dropped from $9966.70 to the dollar down to around the $8018.00 mark. This is perfectly normal in this circumstance and is to be expected.
Over time, the price will rise again back to where it was before the halving event. In fact in the last 12 hours it has begun to reach stability.
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