Last bitcoin halving date
Bitcoin Halving Dates and Trendlines
The most recent, third Bitcoin halving occurred on May 11, 2020, at block 630,000, cutting the block reward down to the current 6.25 BTC. The price of Bitcoin on the halving date hovered around $8,600. Following this halving, Bitcoin entered another bull market, reaching a peak of around $64,000 in April 2021, which corresponds to an increase of roughly 644% from the halving date to the peak. Next bitcoin halving date At the time of writing (September 2023), most estimates suggest that the next Bitcoin halving date is late April 2024. Even though it’s impossible to predict the exact amount of time it will take to add blocks to the Bitcoin blockchain, we can still get a pretty accurate estimate of when the next Bitcoin halving will happen. The closer we get to the halving, the more accurate the estimates will be.
When is the next bitcoin halving
The last Bitcoin halving or the third Bitcoin halving event took place on May 11, 2020. This time, the block reward of Bitcoin dropped from 12.5 BTC to 6.25 BTC. The Bitcoin price was around $8,000 when the third Bitcoin halving happened. It witnessed an incredible price surge in 2021 and finally reached the new all-time high value of over $68,000 in November 2021. What Happened After the 2020 Halving? If you’re wondering when the price of Bitcoin will go up or potentially when the next bull market is — the upcoming date for the next Bitcoin halving may be an excellent indicator.
A Brief History of Bitcoin Halving
For example, after the first btc halving in 2012, the price of Bitcoin surged from around $12 to over $1,000 within a year. Similarly, following the second BTC halving in 2016, Bitcoin witnessed an unprecedented bull run that saw its price reach nearly $20,000 by December 2017. The significant increase in value occurred within a short period of time after the date of the halving event. What Is Bitcoin Halving (Halvening)? Bitcoin (BTC) is a deflationary asset because Satoshi Nakamoto capped the crypto’s total supply at 21 million coins. Only a portion of the coins were put into circulation when the project launched in 2009. Today, there are over 19.5 million BTC in existence.