Bitcoin Halving
The next Bitcoin halving is expected around April 20, 2028, in about 586 days. The block reward then drops from 3.125 to 1.5625 BTC. Below are all past halvings with the price at the time.
Past halvings
| Date | Block | Reward | Price |
|---|---|---|---|
| November 28, 2012 | 210,000 | 25 BTC | $11.95 |
| July 9, 2016 | 420,000 | 12.500 BTC | $654 |
| May 11, 2020 | 630,000 | 6.250 BTC | $8,649 |
| April 20, 2024 | 840,000 | 3.125 BTC | $64,300 |
Frequently asked questions
01When is the next Bitcoin halving?
The next halving (block 1,050,000) is expected around April 20, 2028, in about 586 days. The exact day depends on actual block times.
02What happens at a halving?
Every 210,000 blocks (~every 4 years) the reward miners receive per block is cut in half. This slows the rate of new Bitcoin. That is the core of the fixed 21-million supply.
03How many halvings have there been?
There have been four halvings so far: 2012, 2016, 2020 and 2024. The reward fell from 50 to most recently 3.125 BTC per block.
04How did the price behave after past halvings?
In all three completed cycles the price set a new all-time high roughly 12-18 months after the halving. The multiples got smaller each time (diminishing returns): from the halving price to the cycle top ~97x after 2012, ~30x after 2016 and ~8x after 2020. That's three data points and not a rule; past patterns need not repeat. The Bitcoin cycle page shows the exact path per cycle.