Bitcoin Halving 2024

The Bitcoin halving is a key milestone in the Bitcoin roadmap, occurring approximately every 4 years. The upcoming event is expected in April 2024, marking the first halving since the U.S. Securities and Exchange Commission (SEC) approved Bitcoin spot ETFs on January 10, 2024. Understand what the Bitcoin halving is and how to trade it.btciconBitcoin$61,101.50
Time left to next halving
1D
:
18H
:
18M
:
20S
btc-halving
Expected Date
April 20 202410:47:05 AM(GMT+8)
Blocks Remaining
255Target Block 840,000
Bitcoin Price
$61,101.50
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What Is Bitcoin Halving?

Understanding the Bitcoin Halving and why it matters.

A History of Bitcoin Halving

An overview of past Bitcoin halving dates, changes in block rewards, and price fluctuations.
1st HalvingNov 28 2012
Block Reward:50 to 25 BTC
Block Height:210,000
Price on Halving Day:$12
Price of Cycle High:$1,175
Change in Price:9,552%
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2nd HalvingJul 9 2016
Block Reward:25 to 12.5 BTC
Block Height:420,000
Price on Halving Day:$651
Price of Cycle High:$19,717
Change in Price:2,929%
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3rd HalvingMay 11 2020
Block Reward:12.5 to 6.25 BTC
Block Height:630,000
Price on Halving Day:$8,618
Price of Cycle High:$69,045
Change in Price:679%
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4th HalvingApr 2024
Block Reward:6.25 to 3.125 BTC
Block Height:840,000
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Will Bitcoin Halving 2024 Increase BTC Prices?

As the leading cryptocurrency by market cap and one of the most valuable tokens, Bitcoin's halving could lead to significant fluctuations in BTC price and impact the overall market sentiment. As of March, the net asset value of Bitcoin ETFs exceeds $50 billion, with Blackrock's IBIT holding nearly 200,000 BTC, surpassing MicroStrategy's 193,000 BTC. ETF inflows may tighten Bitcoin's limited supply, potentially driving up its price due to increased demand against a backdrop of scarcity. According to the Bitcoin stock-to-flow (S2F) model, Bitcoin's price could cross $400,000 a year after the upcoming halving.

However, while each halving reduces block rewards, past price performance is no guarantee of BTC's future price performance.

btc-halvingBitcoin Price Today
24h Volume$321.68M 
Price Change (24h)-3.89%
Circulating Supply19,684,175
How do you feel about Bitcoin after Halving?Note: Data is for reference only.
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The Bitcoin Marketplace

Capitalize on Bitcoin's halving cycles with KuCoin. Whether you buy or sell Bitcoin on the spot market, go long or short on Bitcoin leveraging its volatility, or choose to earn passive income on your idle Bitcoin, KuCoin's robust platform ensures a secure trading experience in the markets.

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Bitcoin Halving FAQ

When is the next Bitcoin Halving?

The next Bitcoin Halving is anticipated to happen in April 2024. This will reduce block rewards for miners from 6.25 Bitcoins per block to 3.125 Bitcoins, affecting the rate at which new Bitcoins are created and entering circulation.

How often is the Bitcoin Halving?

The Bitcoin Halving is a scheduled event that occurs approximately every four years, or after 210,000 blocks have been mined.

Why does Bitcoin Halving happen?

Think of Bitcoin as a limited edition treasure hunt. The Halving is built into its code to control the number of available Bitcoins (the treasure) in circulation, much like the principle that rare gems cannot be mined indefinitely. The halving mechanism underpins Bitcoin's monetary policy, ensuring its scarcity and the potential for value appreciation over time.

What happens when Bitcoin halves?

The Bitcoin Halving is a pre-programmed mechanism written into Bitcoin's code. It reduces the block reward for miners by 50%. This slows down the rate at which new Bitcoins enter into circulation. As the total supply of Bitcoin is capped at 21 million, the Halvings ensure that this finite supply is released gradually.

Should I buy Bitcoin before the Halving?

Deciding to buy Bitcoin before a Halving event depends on your investment goals and risk tolerance. Historically, Bitcoin's price has seen significant volatility around Halving events, sometimes experiencing price increases in the months following the Halving due to the reduced supply of new Bitcoins. However, past performance is not indicative of future results, and it's crucial to conduct thorough research, consider market trends, and your personal financial situation before making any investment decision.

Does Bitcoin Halving affect transaction speeds?

Bitcoin Halving does not directly affect its transaction speeds. Transaction speed is primarily determined by factors like block size and if the current network is undergoing congestion. While some argue that a decrease in miner rewards could lead to less competition for blockspace, potentially impacting speed, this is not a guaranteed outcome.

Will Bitcoin continue to halve in the future?

Bitcoin will continue to halve roughly once every four years, until all 21 million Bitcoins are mined. Following the Bitcoin Halving in April 2024, there will be 12 more Bitcoin Halving events remaining until all BTC have been mined. The last Bitcoin Halving event is expected to occur in 2140.