Market Cap: $3.2 T
BTC Dominance: 58.17%
24 Vol: $438.4 B
Fear & Greed: Extreme Greed
  📉A drop in today's Fear and Greed index. Remaining in 'Extreme Greed' but dropped by 4 points. Overall index is now 76
$94,725
-0.29%
$3,600
+0.29%
$645
+1.94%
$3
+20.33%
$1
+18.20%

Bitcoin Halving Cycles

Although Bitcoin is already over 15 years old, it is still in the early stages of its halving events, with only the fourth halving having just occurred at 00:09 UTC on April 20th, 2024. The next halving is not expected to take place until 2024. While it is true that over 90% of all Bitcoin has already been mined, there are many more halving events to come in the future.

Bitcoin halving is an event that occurs every 210,000 blocks, roughly every four years. This event marks the block reward for mining new blocks on the Bitcoin network being reduced by half. This reduction in the block reward is meant to incentivize miners to continue to secure the network and maintain the decentralized nature of the blockchain by reducing the supply of new bitcoins being released into circulation. Here is a table with the estimated years of the next halving and the corresponding block reward:

Halving
Year
Block Reward
1st
2012
50 BTC -> 25 BTC
2nd
2016
25 BTC -> 12.5 BTC
3rd
2020
12.5 BTC -> 6.25 BTC
4th
2024
6.25 BTC -> 3.125 BTC
5th
2028
3.125 BTC -> 1.5625 BTC
6th
2032
1.5625 BTC -> 0.78125 BTC
7th
2036
0.78125 BTC -> 0.390625 BTC
8th
2040
0.390625 BTC -> 0.1953125 BTC
9th
2044
0.1953125 BTC -> 0.09765625 BTC
10th
2048
0.09765625 BTC ->0.04882813 BTC



* Please note that the estimated years are based on the expected averages for 210,000 blocks to be mined. This may vary slightly from the actual date of the halving, but the rewards will always be halved


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