What is halving and what are its special features?

What is halving and what are its special features?
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Halving is a process whereby the reward given for mining is halved once a certain stage is reached. Initially, the reward in the BTC network was 50 coins per block found. However, after several halving stages, the reward was reduced to 3.125.

In total there were 4 Halving:

28-11-2012, reward 25;

09-07-2016, reward 12.5;

11-05-2020, reward 6.25;

19-04-2024, reward 3.125.

After each reward decline, Bitcoin's price starts to rise and takes a new high.

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