The Bitcoin network experienced its fourth halving, reducing the mining reward from 900 to 450 Bitcoin per day, potentially impacting miners' revenue by billions. Despite the halving, Bitcoin's price remained stable around $64,000. The event also led to a significant increase in transaction fees. This halving is part of Bitcoin's strategy to prevent inflation and maintain its cap at 21 million tokens. The mining sector may see consolidation, favoring publicly traded companies with better resources.