A Bitcoin halving is the scheduled event every 210,000 blocks (~4 years) that cuts the BTC mining reward in half, reducing the rate at which new Bitcoin enters circulation.
A Bitcoin halving is a programmed event baked into Bitcoin's code that halves the number of new coins issued per block to miners. It occurs every 210,000 blocks — roughly every four years — and is the mechanism by which Bitcoin's total supply asymptotes toward its 21 million cap.
When Bitcoin launched in 2009 the block reward was 50 BTC. The first halving in 2012 cut it to 25, then 12.5 in 2016, 6.25 in 2020, and 3.125 in 2024. The next halving, expected in 2028, will reduce it to 1.5625 BTC per block. Because demand does not halve on schedule, halvings have historically been associated with supply shocks that preceded major bull runs.
Halvings matter because they make Bitcoin the hardest monetary asset ever designed — its issuance rate declines on a fixed schedule regardless of price, demand, or miner behavior. They also tighten miner economics, forcing the least efficient miners off the network and concentrating production among the lowest-cost operators.
The Bitcoin halving is a scheduled event every 210,000 blocks (about every four years) that cuts the BTC reward paid to miners in half. It reduces the rate at which new Bitcoin is created and is the mechanism enforcing Bitcoin's 21 million coin cap.
After the April 2024 halving (which dropped the reward to 3.125 BTC per block), the next halving is expected in 2028, reducing the reward to 1.5625 BTC. The exact date depends on block times but lands roughly every four years.
The halving cuts the flow of new Bitcoin onto the market while demand is unaffected, producing a supply shock. Historically this has preceded major bull cycles, though past performance does not guarantee future results. Miner economics also tighten, which can cause short-term volatility as less efficient miners shut down.
Staking is the act of locking up cryptocurrency to help secure a proof-of-stake network in exchange for periodic rewards, analogous to earning interest.
A bull market is a sustained period of rising prices across an asset class, driven by investor optimism, growing demand, and positive sentiment.
Market cap is the total value of a cryptocurrency, calculated as the current price multiplied by the circulating supply of coins.
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