The last Bitcoin halving occurred on April 19, 2024, marking a pivotal moment in cryptocurrency history. This event reduced mining rewards from 6.25 BTC to 3.125 BTC per block, continuing Bitcoin'sThe last Bitcoin halving occurred on April 19, 2024, marking a pivotal moment in cryptocurrency history. This event reduced mining rewards from 6.25 BTC to 3.125 BTC per block, continuing Bitcoin's
When Was the Last Bitcoin Halving Date and What Happened
The last Bitcoin halving occurred on April 19, 2024, marking a pivotal moment in cryptocurrency history.
This event reduced mining rewards from 6.25 BTC to 3.125 BTC per block, continuing Bitcoin's programmed scarcity model.
In this guide, you'll discover when the last Bitcoin halving happened, how it impacted prices, what makes each halving unique, and when to expect the next one.
- For a complete Bitcoin overview, see our ultimate guide to Bitcoin (BTC) for beginners.
Key Takeaways
- The last Bitcoin halving occurred on April 19, 2024, cutting block rewards from 6.25 BTC to 3.125 BTC.
- Bitcoin has undergone four halvings since its 2009 launch, with each event reducing mining rewards by 50%.
- The 2024 halving was unique as Bitcoin reached its all-time high of $73,000 before the event due to spot ETF approvals.
- Historical data shows Bitcoin prices rose 384% to 2,824% in the year following previous halvings, though past performance doesn't guarantee future results.
- The next halving is projected for April 2028 at block 1,050,000, when rewards will drop to 1.5625 BTC.
- By 2032, approximately 98% of all Bitcoin will have been mined, with the final coin expected around 2140.
When Was the Last Bitcoin Halving Date
The last Bitcoin halving took place on April 19, 2024, at block height 840,000.
This fourth halving event cut the block reward miners receive from 6.25 BTC to 3.125 BTC, reducing the daily Bitcoin supply from approximately 900 BTC to 450 BTC.
On the halving day, Bitcoin was trading around $64,994, though the price had already reached an all-time high of roughly $73,000 in March 2024.
This pre-halving surge made the 2024 event different from previous cycles, largely driven by the approval of spot Bitcoin ETFs that began trading four months earlier.
The price experienced volatility in the weeks following the halving, with consolidation and retracement before later surging again after the 2024 US presidential election.
Bitcoin Halving History: When Was the Last Halving
Bitcoin's halving mechanism has shaped its economics since the network's launch in 2009, creating a predictable deflationary model that sets it apart from traditional currencies.
1. First Bitcoin Halving: November 28, 2012
The first halving reduced the block reward from 50 BTC to 25 BTC at block height 210,000.
Bitcoin was trading at approximately $12 on the halving day, representing the cryptocurrency's early adoption phase when few understood its potential.
By November 2013, roughly one year later, Bitcoin's price had surged to around $1,000, demonstrating the halving's impact on scarcity and demand.
2. Second Bitcoin Halving: July 9, 2016
The second halving occurred at block 420,000, cutting rewards from 25 BTC to 12.5 BTC.
Bitcoin was trading around $650 on July 9, 2016, as the cryptocurrency gained mainstream attention despite remaining a relatively niche investment.
The halving preceded a sustained bull run that propelled Bitcoin to its then all-time high of nearly $20,000 by the end of 2017.
3. Third Bitcoin Halving: May 11, 2020
The third halving reduced rewards from 12.5 BTC to 6.25 BTC at block 630,000.
Bitcoin's price surged from around $6,900 in April 2020 to approximately $8,800 at the halving event itself.
Widespread institutional adoption began taking shape around late 2020, with the cryptocurrency's price continuing to rise over the following year and reaching over $60,000 in March 2021.
4. Fourth Bitcoin Halving: April 19, 2024
The most recent halving dropped rewards from 6.25 BTC to 3.125 BTC at block 840,000.
This event was unique because Bitcoin reached a new all-time high in March 2024 before the actual halving, likely caused by the approval of spot Bitcoin ETFs.
The price was approximately $64,994 on halving day, with 150 days later seeing Bitcoin trading around $60,253, showing a different pattern than previous cycles.
How Bitcoin Halving Affects Price and Mining
Bitcoin halvings create supply shocks that historically correlate with price increases, though the 2024 event showed markets can price in anticipated scarcity differently than before.
The halving reduces new Bitcoin entering circulation by 50%, dropping daily supply from roughly 900 BTC to 450 BTC after the 2024 event.
Historical data shows Bitcoin prices rose significantly after each halving, with increases ranging from 384% to 2,824% in the year following previous events, though past performance doesn't guarantee future results.
For miners, halvings present profitability challenges as their rewards are cut in half while operational costs for electricity and hardware remain constant or increase.
Less efficient miners may shut down operations after halvings, potentially causing temporary decreases in network hashrate and processing power.
Transaction fees become increasingly important for miners as block rewards diminish, with these fees expected to sustain mining incentives after all 21 million Bitcoin are mined around 2140.
The reduced mining rewards may encourage miners to seek cheaper energy sources, potentially lowering Bitcoin's environmental impact over time as operations become more energy-efficient.
When Is the Next Bitcoin Halving?
The next Bitcoin halving is projected to occur around April 2028 at block height 1,050,000.
This fifth halving will reduce the block reward from 3.125 BTC to 1.5625 BTC, further decreasing the rate at which new Bitcoin enters circulation.
The exact date cannot be predicted with certainty because halvings depend on block height rather than calendar dates, with the network targeting an average of one block every ten minutes.
Future halvings will continue every 210,000 blocks until all 21 million Bitcoin have been mined, which is expected to happen around the year 2140.
By 2032, approximately 98% of all Bitcoin will have been mined, demonstrating how dramatically the emission rate slows with each successive halving.
After the final Bitcoin is mined, the network will rely entirely on transaction fees to compensate miners for securing the blockchain and validating transactions.
Frequently Asked Questions
When was the last Bitcoin halving?
The last Bitcoin halving occurred on April 19, 2024, at block height 840,000.
When was the last halving of Bitcoin?
Bitcoin's most recent halving happened on April 19, 2024, reducing block rewards to 3.125 BTC.
When was the last Bitcoin halving event?
The fourth Bitcoin halving event took place on April 19, 2024.
What happens during a Bitcoin halving?
The mining reward for adding new blocks to the blockchain is cut in half, reducing the supply of new Bitcoin entering circulation.
How many Bitcoin halvings have occurred?
Four Bitcoin halvings have occurred since the network launched in 2009, in 2012, 2016, 2020, and 2024.
Does Bitcoin halving increase price?
Historically, Bitcoin prices have risen after halvings due to reduced supply, though past performance doesn't guarantee future results.
Conclusion
The last Bitcoin halving took place on April 19, 2024, marking the fourth time mining rewards have been reduced since Bitcoin's creation.
These halvings are fundamental to Bitcoin's scarcity model, ensuring the total supply never exceeds 21 million coins.
With the next halving expected around April 2028, these predictable events continue shaping Bitcoin's economics and attracting investor attention.
Understanding when Bitcoin halvings occur helps investors and miners prepare for these significant milestones in cryptocurrency's evolution.
- Want to learn more? Read our comprehensive What is Bitcoin (BTC) guide for the full picture.
- When is the next Bitcoin halving? Everything explained.
Market Opportunity
4 Price(4)
$0.008903
$0.008903$0.008903
USD
4 (4) Live Price Chart
This article is provided by MEXC for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets involve significant risk. Please conduct independent research or consult a qualified professional before making any investment decisions. The views expressed do not necessarily represent those of MEXC or its affiliates.
Popular Articles
View More
Could CRWV Climb to $140 or Higher? CoreWeave Price Target and Analyst Forecast
CoreWeave has turned into one of the most argued-about stocks on Wall Street this year. One week it jumps double digits on an Nvidia chip announcement. The next, it slides after a multibillion-dollar
Will IREN Reach $100 After Its 725% Rally? The Full Analyst Price Target Breakdown
IREN Limited (NASDAQ: IREN) has surged roughly 725% from its 52-week low to trade near $60 in mid-June 2026, turning a niche bitcoin miner into one of Wall Street's most-watched AI infrastructure
The Complete Guide to Coin-M Perpetual Futures on MEXC
In cryptocurrency derivatives, Futures trading enables investors to apply leverage to increase potential returns and to take positions in both rising and falling markets. MEXC offers two primary
Hot Crypto Updates
View More
UK FCA Proposes Limited Crypto Exposure for Retail Investment Funds: Here's What You Need to Know
1.Introduction The United Kingdom financial regulator is considering a significant policy shift that could expand access to cryptocurrency-linked investments for everyday investors. The Financial
ZEC Plunges on Infinite Mint Fears: Analyzing the Market Fallout of the Orchard Bug
Overview Zcash (ZEC) lost roughly half its value in 48 hours in early June 2026, falling from a June 4 peak near $624 to about $309 on June 5 after Shielded Labs disclosed a critical soundness flaw
SpaceX Rideshare: The Cheapest Ticket to Orbit for Small Satellites
SpaceX's Transporter, Bandwagon, and Twilight rideshare programs offer small satellite operators the lowest-cost path to orbit. Here's how each mission series works, what it costs in 2026, and how to
Trending News
View More
PGIM Announces Strategic Enhancements to Equity ETF Platform
Enhancements organize equity ETF lineup around core and focused strategies PGIM, the $1.4 trillion1 global investment management business of Prudential Financial
Fox Corporation to Acquire Roku (ROKU) in $22 Billion Streaming Deal
Fox Corp to acquire Roku (ROKU) for $22 billion at $160/share, an 11.4% premium. The cash-and-stock deal merges Fox content with Roku's streaming platform. The
Related Articles
View More
Bitcoin System: What It Is, How It Works, and Why It Matters
Most people have heard of Bitcoin, but far fewer understand the system running underneath it.The Bitcoin system is a decentralized, peer-to-peer electronic cash network — one that lets two people send
Bitcoin SV (BSV) Explained: What It Is, How It Works, and Where to Buy
Bitcoin SV (BSV) is one of crypto's most debated projects — a blockchain born from a bitter split, built around an ambitious technical vision, and still dividing opinion years later.In this guide, you
iShares Bitcoin ETF (IBIT): What It Is, How It Works, and Key Facts
If you've ever wanted exposure to Bitcoin without the hassle of crypto wallets or private keys, the iShares Bitcoin ETF might be exactly what you're looking for.This guide covers the core things a beg
