btc$62,700-0.29%
eth$1,773-0.93%
usdt$0.9992-0.01%
usdc$0.9998-0.01%
xrp$1.14-2.97%
sol$81.32-1.03%
trx$0.3290+1.08%
figr_heloc$1.01—
hype$69.51-1.56%
doge$0.0771-1.77%
rain$0.0153-0.93%
usds$0.9998+0.00%
leo$9.23+0.88%
zec$462.43-0.55%
ada$0.1890-0.93%
xlm$0.2002-5.01%
wbt$56.65-0.52%
xmr$328.24-0.08%
link$7.96-1.53%
btc$62,700-0.29%
eth$1,773-0.93%
usdt$0.9992-0.01%
usdc$0.9998-0.01%
xrp$1.14-2.97%
sol$81.32-1.03%
trx$0.3290+1.08%
figr_heloc$1.01—
hype$69.51-1.56%
doge$0.0771-1.77%
rain$0.0153-0.93%
usds$0.9998+0.00%
leo$9.23+0.88%
zec$462.43-0.55%
ada$0.1890-0.93%
xlm$0.2002-5.01%
wbt$56.65-0.52%
xmr$328.24-0.08%
link$7.96-1.53%A protocol-level event that cuts new BTC issuance in half. Block rewards drop from 3.125 BTC to 1.5625 BTC. Tightening supply, every ~4 years, until 2140.
The Bitcoin halving is a programmed protocol event that happens every 210,000 blocks — roughly every four years. The reward miners receive for validating each block is cut in half, throttling the rate at which new BTC enters circulation.
Encoded by Satoshi Nakamoto, this mechanism enforces a hard cap of 21,000,000 coins and an inflation schedule no government, exchange or miner can override. This is enforced directly in Bitcoin's blockchain code — no smart contract or third party required. Unlike most altcoins, Bitcoin's supply schedule is immutable. When Bitcoin launched, miners earned 50 BTC per block. After the 2024 halving the reward is 3.125 BTC; the last sat will be mined around the year 2140.
Each halving has historically preceded a major BTC price cycle within 12–18 months — the 2012 halving was followed roughly 12 months later by a rally past $1,000, and the 2020 halving preceded the run toward $69,000. Past cycles never guarantee future ones, but the supply shock is real every time.
New issuance is halved overnight. If demand holds, basic economics says price pressure rises. Scarcity is the asset's core feature.
Unlike fiat with unlimited printing, BTC follows a predictable, ever-decreasing inflation rate — soon lower than gold's annual rate.
Operators must squeeze efficiency to stay profitable on half the reward. Drives constant innovation in hardware and energy mix.
BTC has risen meaningfully in the 12–18 months after every halving. Past performance, not a guarantee — but watched closely.
| # | Date | Block | Reward | Price at halving | +150 days | Change |
|---|---|---|---|---|---|---|
| 1 | November 28, 2012 | 210,000 | 50 → 25 BTC | $12.35 | $127.00 | +928% |
| 2 | July 9, 2016 | 420,000 | 25 → 12.5 BTC | $650.63 | $758.81 | +17% |
| 3 | May 11, 2020 | 630,000 | 12.5 → 6.25 BTC | $8,821.00 | $10,943.00 | +24% |
| 4 | April 19, 2024 | 840,000 | 6.25 → 3.125 BTC | $64,969.00 | $65,900.00 | +1% |
| 5 | ~March/April 2028 | 1,050,000 | 3.125 → 1.5625 BTC | — | — | — |
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