A short guide to bitcoin's halving event

The cryptocurrency's price is at a near record high and April's cut in production could push it even higher

Pair of hands breaking a bitcoin in two
The three previous 'halvings' have been followed by record-breaking surges in the price of bitcoin
(Image credit: Illustration by Stephen Kelly / Getty Images)

Bitcoin is about to undergo a "halving" event for only the fourth time in its 15-year history – and its value could skyrocket even further.

The cryptocurrency has rallied to a near record high of $65,000 in recent weeks, a remarkable turnaround after falling to less than $16,000 in late 2022. The recovery has been particularly "fast and furious" in recent weeks, said Fast Company.

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