Bitcoin halving dates are one of the most important days in the cryptocurrency ecosystem. In the past, Bitcoin halvings have led to big price increases and increased buzz for the cryptocurrency ecosystem.
In this guide, we’ll break down everything you need to know about Bitcoin halving dates — including how BTC has performed after past halvings.
Bitcoin halving chart
Here’s a look at how Bitcoin’s price has changed in recent years, including before and after each halving date.
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What is Bitcoin Halving?
Bitcoin Halving is an event that occurs approximately every four years, where the reward for Bitcoin mining is cut by half. The last Bitcoin halving took place on May 11, 2020 when the reward for mining a block fell from 12.5 to 6.25.
How does Bitcoin halving work?
Bitcoin is designed to be a valuable and finite asset. Bitcoin’s underlying software halves rewards for miners every 210,000 blocks — or approximately every four years — which ensures that the total supply of Bitcoin will never surpass 21 million units.
After each halving event, some miners may be forced to shut down their operations, and the hashrate (computing power) of the Bitcoin network may decrease temporarily. However, reduced supply typically leads to higher prices.
What is the next Bitcoin Halving date?
The next Bitcoin Halving is scheduled to take place around April or May of 2024.
When was the last Bitcoin halving date?
The last Bitcoin Halving took place on May 11, 2020. The reward for mining a block of Bitcoin fell from 12.5 to 6.25. After this Bitcoin halving, the cryptocurrency market went on a bull run, with the price of Bitcoin increasing by 5x in the next calendar year (though it’s likely that this can be attributed to multiple factors, including global economic conditions in the wake of the COVID-19 pandemic).
What will happen after Bitcoin halving in 2024?
While there was a significant surge in the price of Bitcoin and other cryptocurrencies after each halving date, it’s important to remember that there are a multitude of factors that determine the price of cryptocurrency — such as global economic factors and regulatory conditions.
For more information, check out our guide on how cryptocurrencies gain value.
Bitcoin halving dates history
Since Bitcoin’s creation, there have been three halving dates:.
2012 Bitcoin Halving
- Bitcoin reward per block (previous): 50 BTC
- Bitcoin reward per block (new): 25
- BTCPrice on halving day: $12.35
- Price 150 days later: $127.00
2016 Bitcoin Halving
- Bitcoin reward per block (previous): 25 BTC
- Bitcoin reward per block (new): 12.5 BTC
- Price on halving day: $650.53
- Price 150 days later: $758.81
2020 Bitcoin Halving
- Bitcoin reward per block (previous): 12.5 BTC
- Bitcoin reward per block (new): 6.25 BTC
- Price on halving day: $8,821.42
- Price 150 days later: $10,943.00
Frequently asked questions
How many Bitcoin halvings left?
In total, there will be 32 Bitcoin halvings. There will be 29 more Bitcoin halvings until 2140 — when new BTC will stop being created entirely.
Does Bitcoin price go up after halving?
Historically, the price of Bitcoin has gone up after halving dates. However, the price of Bitcoin and other cryptocurrencies is influenced by many factors and past performance is not indicative of future returns.
Is Bitcoin halving every 4 years?
Bitcoin halving occurs once every 210,000 blocks. This happens approximately once every four years.
What date is the next Bitcoin halving?
The next Bitcoin halving will take place in April or May of 2024.
Frequently asked questions
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