{"id":865363,"date":"2023-12-12T17:07:03","date_gmt":"2023-12-12T15:07:03","guid":{"rendered":"https:\/\/www.etoro.com\/bitcoin-halving-course-summary\/"},"modified":"2025-12-09T15:43:55","modified_gmt":"2025-12-09T13:43:55","slug":"bitcoin-halving-course-summary","status":"publish","type":"page","link":"https:\/\/www.etoro.com\/en-us\/crypto\/bitcoin-halving-course-summary\/","title":{"rendered":"The Bitcoin Halving: Course Summary"},"content":{"rendered":"\n

The <\/strong>Bitcoin halving is one of the most important events in crypto. Recap the different elements that were covered throughout the Bitcoin halving course, refreshing your understanding of the halving, the four-year cycle and bitcoin trading.<\/p>\n\n\n\n\n\n\n

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What is the Bitcoin halving?<\/h2>\n\n\n\n

The Bitcoin halving is an event that takes place approximately every four years. Bitcoin miners compete to solve complex mathematical problems and validate blocks on the Bitcoin blockchain<\/a>. The first person to do so is rewarded with newly issued bitcoin, increasing the cryptoasset\u2019s circulating supply.<\/mark><\/p>\n\n\n\n


The Bitcoin<\/a> halving marks the point at which 210,000 blocks are successfully mined and the number of bitcoin received by miners as a reward for mining is cut in half.<\/p>\n\n\n\n

<\/div><\/div>
<\/div><\/div>
Halving Year<\/strong><\/th>Previous Rewards<\/strong><\/th>New Rewards<\/strong><\/th><\/tr><\/thead>
November 2012<\/td>50 BTC<\/td>25 BTC<\/td><\/tr>
July 2016<\/td>25 BTC<\/td>12.5 BTC<\/td><\/tr>
May 2020<\/td>12.5 BTC<\/td>6.25 BTC<\/td><\/tr>
April 2024<\/td>6.25 BTC<\/td>3.125 BTC<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/figure>\n\n\n\n

How does the four-year cycle work?<\/h2>\n\n\n\n

Since the Bitcoin halving occurs approximately once every four years, the time between halving events is often referred to as \u201cBitcoin\u2019s four-year cycle.\u201d<\/p>\n\n\n\n

Historically, the price of bitcoin has surged following a halving event. This is due to changes in supply and demand as the incoming supply of new bitcoins is cut in half. In addition, now that bitcoin has demonstrated patterns across the four-year cycle, demand for the cryptoasset typically increases around the time of the halving.<\/p>\n\n\n\n

Lower supply + higher demand = higher price<\/strong><\/p>\n\n\n\n

Stages of the four-year cycle<\/h3>\n\n\n\n

Below are some of the stages of the four-year cycle, as demonstrated by previous Bitcoin halving events. Remember, there is no guarantee that future halving events will follow the same patterns:<\/p>\n\n\n\n