What is Bitcoin Halving?
1. What is Bitcoin Halving?
- Bitcoin halving is the event where the block reward in the Bitcoin blockchain gets halved. This means that every time 210,000 blocks are generated on the Bitcoin blockchain, the block reward is halved. This event occurs approximately every four years. The fourth Bitcoin halving is expected to occur on April 23, 2024, with a block height of 840,000.
- After each halving, the block rewards for Bitcoin decrease. Starting from the original reward of 50 BTC per block, the current block reward is 6.25 BTC. After the halving event in 2024, the block reward will decrease to 3.125 BTC. The halving mechanism leads to a reduction in the issuance rate of Bitcoin, thereby affecting its price. Historically, Bitcoin halving events have been closely associated with bull market cycles in the entire cryptocurrency market.
2. Bitcoin Halving's Price Impact
- The first Bitcoin halving event occurred on November 28, 2012, marking a significant milestone in Bitcoin's history. This halving cycle extended until July 2016. Prior to this halving, the selling price of Bitcoin was $12 per Bitcoin. With the arrival of the halving, Bitcoin's block rewards decreased from 50 BTC per block to 25 BTC. This halving sparked a wave of excitement in the market, driving the price of Bitcoin to $225. Subsequently, it soared to $1242, marking an overall 100x increase.
- The second Bitcoin halving event took place on July 10, 2016, marking the completion of 420,000 blocks on the Bitcoin blockchain. During this event, the block reward for Bitcoin decreased from 25 BTC per block to 12.5 BTC. Remarkably, within the subsequent year, Bitcoin's price surged from $647 to $2973, experiencing an impressive 358% increase.
- The third Bitcoin halving took place on May 11, 2020, after the completion of the third set of 210,000 blocks on the Bitcoin blockchain. Following this halving, Bitcoin miners' rewards were halved once again, reducing the reward per block to 6.25 BTC. Within a year of the halving event, Bitcoin's price skyrocketed from $9,851 to $65,145, marking an impressive surge of approximately 561%. Subsequently, Bitcoin's price continued its upward trajectory, reaching a peak of around $69,000.
Popüler Makaleler
Dogecoin ETF: What We Know So Far and Whether It Could Happen
Key Takeaways:REX-Osprey Dogecoin ETF (DOJE) launched in September 2025 as the first U.S. product offering DOGE exposure via a mix of holdings and derivatives.Grayscale Dogecoin Trust ETF (GDOG) debut
Dogecoin Mining 2025: How DOGE Is Mined, Merge Mining, and Miner Economics
Key Takeaways:Dogecoin Mining Process: Dogecoin uses Proof-of-Work (PoW) with the Scrypt algorithm, providing a fixed 10,000 DOGE reward per block every ~1 minute, ensuring consistent supply for miner
Elon Musk and Dogecoin: How Much Influence Does He Still Have?
Key Takeaways:Musk’s Pivotal Role: Elon Musk’s influence on Dogecoin’s rise is profound, shaping the cryptocurrency’s trajectory through public endorsements and tweets.Price Influence: Musk’s tweets h
What Will Ethereum Be Worth in 2030? Expert Predictions and Price Analysis
Ethereum's price trajectory toward 2030 has captured significant attention from investors worldwide. This analysis examines expert forecasts, fundamental growth drivers, and realistic valuation scenar
İlgili Makaleler
Dogecoin ETF: What We Know So Far and Whether It Could Happen
Key Takeaways:REX-Osprey Dogecoin ETF (DOJE) launched in September 2025 as the first U.S. product offering DOGE exposure via a mix of holdings and derivatives.Grayscale Dogecoin Trust ETF (GDOG) debut
Is Dogecoin Dead? A Data-Driven Look at DOGE’s Survival Through Market Cycles
Key Takeaways Dogecoin (DOGE) is not dead; it remains a liquid, actively traded asset with a market capitalization exceeding $20 billion as of late 2025. Though trading below its all-time high of $0.7
Dogecoin Price History: Major Cycles, Market Drivers, and Key Lessons
Key TakeawaysDogecoin has experienced extreme volatility, moving from near dormancy (2013–2020) to meme-driven surges (2021) and significant post-2021 corrections.The explosive 2021 surge drove DOGE t
Dogecoin Marketcap Explained: What It Means and How It Shapes DOGE's Value
Key TakeawaysMarket capitalization (market cap) measures the total dollar value of Dogecoin (DOGE), calculated as current price × circulating supply.As of December 2025, Dogecoin's market cap stands a
