MANILA, October 2, 2026 — The latest Bitcoin halving, which occurred on April 19, 2024, significantly impacted the world’s most popular cryptocurrency. The halving reduced the reward for miners from 6.25 BTC to 3.125 BTC. On that date, Bitcoin’s price was approximately $63,827.50, and the network hash rate stood at roughly 600 EH/s.
Historically, halvings have preceded significant bull runs in Bitcoin’s price, though past performance does not guarantee future results. The mechanism ensures that the total supply of Bitcoin will never exceed 21 million coins, with the final halving expected around 2140.
Each halving reduces the rate at which new bitcoins are created, reinforcing scarcity and influencing miner revenue dynamics. As block rewards decline, miners increasingly rely on transaction fees to maintain profitability, especially during periods of network congestion. The third halving, which took place on May 11, 2020, reduced the reward to 6.25 BTC.
Bitcoin was trading around $8,721.42, and the hash rate reached about 115 EH/s. The second halving took place on July 9, 2016, cutting the reward from 25 BTC to 12.5 BTC.
Bitcoin’s price was about $650.63 at the time, and the network hash rate had grown to approximately 1,400 TH/s. The first halving occurred on November 28, 2012, reducing the block reward from 50 BTC to 25 BTC. At that time, Bitcoin’s price was approximately $12.31, and the network hash rate was around 25 TH/s.
Network security, measured by hash rate, has generally trended upward across halving cycles, indicating growing miner participation and investment in mining infrastructure despite reduced per-block rewards. The halving schedule is a core feature of Bitcoin’s design, intended to mimic the scarcity properties of precious metals like gold while enabling a predictable, decentralized issuance model.
