Bloomberg: The fabled bitcoin halving, where supply is pinched off when rewards for miners are reduced, could hit as early as next week, and the cryptocurrency is back above $10,000. Halving is the process in which the reward miners receive for creating fresh Bitcoins is cut in half. It’s by design and has happened twice before. In 2012, when the block reward went from 50 to 25 Bitcoins, prices rose nearly 8,200% in a year. The gain to the peak 18 months after the second halving in 2016 was more than 2,800%.