The most awaited event of cryptocurrency 2020, Bitcoin's third halving just took place. Bitcoin halving occurs once in every four years and this halving reduced the bitcoin block reward from 12.5 BTC to 6.25 BTC. As per the data shared by Tradeblock.com, the event took place at 3:23 p.m. EST on Monday. Currently, Bitcoin is trading at $8,500, with the market dominance of 67%.