{"id":39734,"date":"2023-11-11T19:03:30","date_gmt":"2023-11-11T18:03:30","guid":{"rendered":"https:\/\/www.coinpro.ch\/uncategorized\/bitcoin-halving-2024-what-you-should-know-now\/"},"modified":"2025-08-08T17:06:03","modified_gmt":"2025-08-08T15:06:03","slug":"bitcoin-halving-2024-what-you-should-know-now","status":"publish","type":"post","link":"https:\/\/www.coinpro.ch\/en\/knowledge\/bitcoin-halving-2024-what-you-should-know-now\/","title":{"rendered":"Bitcoin Halving 2024: What You should Know Now"},"content":{"rendered":"

Only a few weeks remain until the Bitcoin Halving 2024. It is expected to happen in April. How will the Bitcoin price develop as a result? Why some analysts expect unusual market movements. CoinPro summarizes the most important information for you. This is what you should know now. <\/p>\n

Bitcoin Halving 2024: What You should Know Now<\/h2>\n

The Bitcoin Halving 2024 is approaching. The impending event is considered particularly important for the Bitcoin price. The production of new BTC is halved by an algorithm<\/b>. CoinPro explains exactly what this means and when exactly the eagerly awaited event will take place. <\/p>\n

On What Date Will the Next Bitcoin Halving Take Place?<\/h3>\n

The Bitcoin Halving is triggered when a certain block height is reached. The date on which the event takes place cannot therefore be said with absolute certainty in advance. On April 20, 2024<\/b>, the block reward was successfully halved. <\/p>\n

Every 210,000 blocks<\/b>, the produced Bitcoin<\/a> is halved. At the next halving in 2024, the Bitcoin blockchain must reach the 840,000 Bitcoin block for this to happen. This is the fourth Bitcoin halving in history. <\/p>\n

The intended block time of the blockchain is ten minutes. However, there are repeated incidents in which a block deviates from the normal value. In 2022, block production was delayed by more than an hour. <\/p>\n

In 2021, a block even took 122 minutes to be confirmed by the blockchain and distributed to nodes. As a result, the exact moment of the halving cannot be predicted with absolute certainty. <\/p>\n

What is the Block Reward from 2024?<\/h3>\n

Miners receive a payment for each block of the blockchain they produce – the so-called block reward. From the halving in 2024, this value will fall to 3.125 BTC<\/b>. Until then, miners will receive double the value of 6.25 BTC. <\/p>\n

On November 8, 2023, 3.125 BTC is equivalent to a total value of 111,000 US dollars or around 100,000 Swiss francs.<\/p>\n

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Graphic: Bitcoin Halving 2024<\/figcaption><\/figure>\n

How Does the Halving Affect the Bitcoin Price?<\/h3>\n

Among analysts, there is a unanimous conviction that the 2024 halving will have a strongly positive influence on the Bitcoin price<\/b>. However, it is less certain how sustainable the resulting gains will be. <\/p>\n

Among Bitcoiners, the hope for the start of a new bull market<\/b> through the Bitcoin halving is huge. Some analysts suspect that the market value of Bitcoin will remain comparatively low despite the halving of the block reward. <\/p>\n

Historically, a strong price increase can be clearly seen as a result of Bitcoin halvings. So far, the event has already taken place three times. In 2012, 2016 and 2020, significant price gains followed the reduced block reward each time. <\/p>\n

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  1. Halving on November 28, 2012: 9,600 percent gain in the bull market.<\/li>\n
  2. Halving on July 9, 2016: 3,050 percent gain in the bull market.<\/li>\n
  3. Halving on May 11, 2020: 720 percent gain in the bull market.<\/li>\n<\/ol>\n

    It is worth noting that the price increase largely occurred when the halving had already been completed<\/b>. Immediately before the event, there were repeated price losses – these were particularly evident in 2020, when BTC slipped from around 9,000 US dollars to 5,000 US dollars. <\/p>\n

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    The first three Bitcoin halvings served noticeably as a basis for price gains. | Source: CoinDesk<\/figcaption><\/figure>\n