Bitcoin's 4th Halving (2024)
On April 19, 2024, at block 840,000, the block reward halved from 6.25 BTC to 3.125 BTC. Two years later in 2026, here's what the event meant for supply, mining, and price.
What is a Bitcoin Halving?
Every 210,000 blocks (~4 years), Bitcoin’s mining reward is cut in half. This programmed scarcity is what makes Bitcoin “digital gold” with a hard 21 million supply cap.
- Purpose: Slow new supply and increase rarity over time.
- Historical pattern: Often followed by major bull markets.
The 4th Halving Details
Date: April 19, 2024
Block: 840,000
Reward change: 6.25 BTC → 3.125 BTC
Pre-halving price was ~$64,000. The event contributed to the 2025 bull run that pushed Bitcoin above $126,000.
All Bitcoin Halvings Compared
Historical impact on supply and price (up to 2026)
| Halving | Date | Block | Reward Change | Pre-Halving Price | Peak After |
|---|---|---|---|---|---|
| 1st | Nov 28, 2012 | 210,000 | 50 → 25 BTC | ~$12 | ~$1,150 (2013) |
| 2nd | Jul 9, 2016 | 420,000 | 25 → 12.5 BTC | ~$650 | ~$19,800 (2017) |
| 3rd | May 11, 2020 | 630,000 | 12.5 → 6.25 BTC | ~$8,700 | ~$69,000 (2021) |
| 4th | Apr 19, 2024 | 840,000 | 6.25 → 3.125 BTC | ~$64,000 | ~$126,000 (2025) |
| 5th | ~2028 | ~1,050,000 | 3.125 → 1.5625 BTC | TBD | TBD |
Prices are approximate. Halvings create supply shocks that have historically preceded bull markets, but past performance is not a guarantee of future results.
Mining & Network Effects
The 4th halving reduced daily new Bitcoin issuance from ~900 to ~450 BTC. This squeezed miner profitability in the short term, pushing the industry toward greater efficiency and consolidation.
Hash rate dipped briefly after the event but quickly recovered to new all-time highs (currently ~700–800 EH/s), further strengthening the security and resilience of the Bitcoin network.
Security Tip: Store Bitcoin safely using a hardware wallet instead of leaving it on an exchange.
Get a Ledger Hardware Wallet →Affiliate link – we may earn a commission.