BITCOIN HALVING
The next Bitcoin halving is expected around April 2028
Bitcoin's price across its whole history (log scale). Each label marks a halving.
Latest displayed reading: $63,328.1 on Aug 4, 2026. This view shows 1,032 dated readings from Jan 1, 2012 to Aug 4, 2026. The latest displayed reading is higher than the first. The displayed low is $4 on Feb 20, 2012. The displayed high is $126,236 on Oct 6, 2025.
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- Bitcoin price (selected): $63,328.1
How far into the current halving cycle are we?
58% through the cycleBitcoin is about 58% of the way through the current four-year cycle — past the halfway mark — historically where the bigger moves start. The next halving is expected around April 2028, when the reward miners earn per block drops from 3.125 to 1.5625 BTC.
When is the next halving, and what changes?
Apr 2028Estimated next halving10-minute target pace89,061Blocks to gountil block 1,050,0003.125 → 1.5625Block reward halves (BTC)fewer new coins for miners to sellHow have past halvings gone?
# 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 Apr 2028 1,050,000 3.125 BTC 1.5625 BTC 20.34M Estimated What does this mean for you?
Each halving cuts the new supply of Bitcoin in half, so miners have fewer fresh coins to sell. Historically the biggest price moves have started 6–12 months after a halving — it takes time for tighter supply to show up. A rough map of the cycle: the first quarter is usually quiet accumulation, the middle is where the main run tends to happen, and the final stretch often cools off before the next halving resets the clock.
This is a countdown based on how the network is progressing — not a prediction of price, and not advice to buy or sell.
Understanding the Bitcoin Halving
A Bitcoin halving happens every 210,000 blocks — roughly every four years. At Bitcoin's ten-minute target pace, the next one is estimated around mid-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.