LemonTrades
TL;DR
- The next halving is expected around April 2028, at block 1,050,000. On November 6, 2026, the chain was at block 974,809, about 75,000 blocks away.
- The reward per block will fall from 3.125 to 1.5625 BTC, cutting new supply from about 450 to about 225 bitcoin a day.
- Past halvings were followed by record highs 12 to 18 months later, but that’s a short history, and the last record came in October 2025.
- LemonTrades tells you what moved bitcoin, and why, as it happens, with alerts on sharp moves.
The date isn’t fixed in advance: halvings happen every 210,000 blocks, and blocks come about every 10 minutes.
Estimated from block 974,809 on November 6, 2026. Blocks have been coming a little faster than every 10 minutes, so it could arrive a few weeks early.
Past halvings
| Halving | Reward per block | Bitcoin at the halving | Next record high |
|---|---|---|---|
| November 28, 2012 | 50 → 25 | About $12 | About $1,150, December 2013 |
| July 9, 2016 | 25 → 12.5 | About $650 | About $19,700, December 2017 |
| May 11, 2020 | 12.5 → 6.25 | About $8,600 | About $69,000, November 2021 |
| April 20, 2024 | 6.25 → 3.125 | About $64,000 | About $126,000, October 2025 |
| Around April 2028 | 3.125 → 1.5625 | – | – |
Why bitcoin halves
Bitcoin’s code limits supply to 21 million coins. To get there, the reward miners earn for each block halves every 210,000 blocks, roughly every four years. About 20.1 million have been mined; the last fraction is due around 2140.
Does the halving raise the price?
Less new supply means less selling by miners, which some see as bullish. But each halving matters less: miners now sell a small share of daily trading, and ETFs, rates and the stock market matter more. The four-year pattern may not repeat; this cycle’s peak came about 18 months after the 2024 halving, in October 2025.
What it means for miners
Miners’ income in bitcoin halves overnight, so the least efficient shut down unless the price rises. See can you still mine bitcoin. Buying instead? See should you buy bitcoin now and why bitcoin is falling.
Sources
Education, not financial advice. Crypto can fall sharply and you can lose all of your money. See our disclaimer.
