Bitcoin Moves Past Halfway Point In Halving Cycle As Supply Tightens Toward 2028
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Bitcoin Moves Past Halfway Point In Halving Cycle As Supply Tightens Toward 2028
"Bitcoin halvings occur every 210,000 blocks and reduce miner rewards by half, tightening the flow of new supply. Miners currently receive 3.125 BTC per block, a figure that will fall to about 1.562 BTC after the next event."
"Previous halvings in 2012, 2016, 2020 and 2024 preceded major price expansions as reduced issuance met sustained demand. This cycle, however, is showing a different pattern."
"Larger capital inflows are now required to drive price movements, contributing to reduced volatility and more measured trends. Institutional participation continues to shape market structure, with spot bitcoin exchange-traded funds drawing significant inflows."
"At the same time, miners face pressure as block rewards decline. Lower issuance may compress margins."
Bitcoin is currently in its halving cycle, with the next halving anticipated in April 2028 at block height 1,050,000. The network is over halfway through epoch five, which began after the April 2024 halving. Miners receive 3.125 BTC per block, which will decrease to 1.562 BTC post-halving, reducing daily issuance from 450 BTC to 225 BTC. This cycle shows slower price gains compared to previous halvings, influenced by larger capital inflows and institutional participation, while miners face pressure from declining block rewards.
Read at Bitcoin Magazine
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