After much speculation—and in some cases, trepidation—the halving is already here, and guess what? Everyone is still alive and so is bitcoin.

The halving process, an event that happens every four years, involves reducing the amount of bitcoins that could be created. The next halving schedule prompted a lot of speculations and uncertainty about the price of the popular digital currency and its stability.

But July 10–the day of the halving—proved to be anticlimactic.

Last Sunday, block number 420,000 has been added to the blockchain and the reward for mining new digital currency has been cut in half from 25 bitcoins to 12.5 bitcoins. Despite this, the price of bitcoin remained stable, trading at $655 with a market capitalization of $10.26 billion, confirming the view of many analysts who said that halving would not have any important impact on the bitcoin pricing because it is a “normal and scheduled process.”