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)
$0.008697
$0.008697$0.008697
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
Why Is XRP Going Up Right Now? The Iran Ceasefire, The Strait Of Hormuz, And What It Means For XRP
XRP surged roughly 7 percent on the week after the United States and Iran announced a ceasefire agreement on June 14, bouncing hard off a four-month low as geopolitical fear started to lift. The
Will HOOD Stock Hit $191 by 2030? Robinhood Stock Price Prediction and Analyst Targets
Robinhood (NASDAQ: HOOD) spent most of 2025 doing something it had never managed before: convincing Wall Street to take it seriously. The stock climbed from an all-time low of $6.81 in 2022, and from
How to Read US Stock Pre-Market and After-Hours Unusual Movements: Distinguishing Real Signals from Short-Term Noise
Pre-market and after-hours trading sessions allow investors to buy and sell stocks outside the regular 9:30 AM to 4:00 PM ET exchange window. Price moves during these sessions carry real information,
Hot Crypto Updates
View More
KAZAR ($KAZAR): What It Is and How to Buy in 2026
Discover what KAZAR AI ($KAZAR) is, how it works, its tokenomics, price history, and how to buy KAZAR on MEXC in 2026. Full research guide. Summary KAZAR AI is an Ethereum-based cryptocurrency
SpaceX Ticker Set for Nasdaq Debut on July 7, 2026: What Investors Need to Know
For years, investors could only watch from the sidelines as SpaceX remained one of the world's most valuable private companies. Now, that has changed. While early reports pointed to a July 7, 2026
Massive Put Pressure: Bitcoin Options OI Nears $34.5B as Traders Pile Into Downside Bets
Overview Bitcoin's derivatives market is sending one of its clearest distress signals in months. Total bitcoin options open interest across all major exchanges has climbed toward $34.5 billion, even
Trending News
View More
Trump canceled housing bill signing, delaying 4-year CBDC ban
🚨 Trump canceled the housing bill signing, stalling the 4-year CBDC ban in $BTC policy. 📢 The move links progress to legislation on voter citizenship proof. ⏳ Washington
Is the Worst Finally Over for Cardano? Here’s What the ADA Charts Say
The ADA price is under pressure again. Cardano dropped 4% in the last day to $0.1466. The rest of the crypto market barely moved. So this wasn’t about Bitcoin or
Related Articles
View More
What If Stock Dividends Built Your Bitcoin Position Automatically? The Franklin Templeton Bitcoin DRIP ETF Explained
Wall Street has just filed for an automatic Bitcoin buyer, and if approved, it would run on dividends.In June 2026, Franklin Templeton, an asset manager overseeing more than $1.5 trillion in assets gl
Bitcoin Bank: What It Is and How to Move Money Between BTC and Your Bank
Bitcoin and banks used to feel like opposites.One was built to bypass the financial system — the other is the financial system.But that divide is closing fast, and if you own Bitcoin or plan to buy so
What Is Bitcoin Trader? What the Scam Warnings and Reviews Really Say
You've probably seen the name Bitcoin Trader pop up in an ad, a forum thread, or maybe a suspicious celebrity endorsement.Before you click anything, it's worth knowing exactly what this platform is —
