Halving Progress
How far are we from the next Bitcoin halving?
This shows how far along we are between the last halving and the next one. Read more
We're 48.2% through the current halving cycle. Getting to the midpoint. Historically, the biggest price moves happen in the second half of the cycle.
Every ~4 years, the amount of new Bitcoin created gets cut in half. This countdown shows where we are between halvings.
| # | Date | Block | Reward Before | Reward After | Total BTC Issued | Status |
|---|---|---|---|---|---|---|
| 1 | 2012-11-28 | 210,000 | 50 BTC | 25 BTC | 10.50M | Completed |
| 2 | 2016-07-09 | 420,000 | 25 BTC | 12.5 BTC | 15.75M | Completed |
| 3 | 2020-05-11 | 630,000 | 12.5 BTC | 6.25 BTC | 18.38M | Completed |
| 4 | 2024-04-20 | 840,000 | 6.25 BTC | 3.125 BTC | 19.69M | Completed |
| 5 | 2028-04-12 | 1,050,000 | 3.125 BTC | 1.5625 BTC | 20.34M | Estimated |
| 6 | 2032-04-09 | 1,260,000 | 1.5625 BTC | 0.78125 BTC | 20.67M | Estimated |
| 7 | 2036-04-07 | 1,470,000 | 0.78125 BTC | 0.390625 BTC | 20.84M | Estimated |
| 8 | 2040-04-04 | 1,680,000 | 0.390625 BTC | 0.1953125 BTC | 20.92M | Estimated |
Understanding Halving Progress
A Bitcoin halving happens every 210,000 blocks — roughly every four years. The next halving is estimated to happen in the first week of April, 2028. When it happens, miners get half as much Bitcoin for each block they solve. It started at 50 BTC per block in 2009, then dropped to 25, then 12.5, then 6.25, and now 3.125 BTC since April 2024.
Halvings matter because they directly reduce how many new coins hit the market. Miners have to sell some Bitcoin to pay for electricity and equipment. Fewer new coins means less selling pressure from miners. If the number of people wanting to buy stays the same, less selling pressure means higher prices.
Historically, the biggest price moves have started 6–12 months after each halving. It takes time for the reduced supply to create a noticeable effect. But with each halving, the actual reduction in new coins gets smaller in absolute terms — so the impact might weaken over time.
This gives you a simple reference for where we are in the current cycle. Early after a halving (0–25%) is historically the accumulation phase. Mid-cycle (25–75%) usually includes the main bull run. Late cycle (75–100%) often sees things cooling off before the next halving resets the clock.