Bitcoin halving event 61% complete, next set for April 2028

Bitcoin’s progress toward its next halving milestone has reached 61%, according to cycle analyst Root, who shared an update on X. The halving event—a recurring mechanism in Bitcoin’s protocol—occurs approximately every four years and systematically reduces mining rewards by half. This deflationary measure is embedded in the code to control supply and reinforce scarcity. Countdown to next halving The most recent halving took place in April 2024 and reduced per-block miner rewards from 6.25 BTC to 3.125 BTC. The next scheduled halving is estimated by OKLink to occur on April 13, 2028. At that stage, the miner reward will further decrease to 1.5625 BTC per block. There are currently 109,012 blocks remaining until this event. Halving cycles are widely watched by the crypto community, as they historically influence supply dynamics and often align with major price movements. Mini dictionary: Bitcoin halving, a programmed event in the Bitcoin network happening every 210,000 blocks (around 4 years), reduces the block reward miners receive by half to control inflation and incentivize scarcity. Halving Date Block Reward (BTC) Est. Block Height April 2024 3.125 840,000 April 2028 (est.) 1.5625 950,000 Market sentiment and price action Sentiment surrounding the upcoming halving remains broadly positive among leading industry voices. Brian Armstrong, CEO of Coinbase—one of the largest global cryptocurrency exchanges—expressed optimism for Bitcoin’s prospects ahead of the next block reward cut. He stated that price surges tend to occur in anticipation of halving events and conveyed expectations of a strong period for Bitcoin over the coming years. Brian Armstrong expects Bitcoin to see upward price momentum before the next halving and believes the year or two ahead will be favorable for the digital asset. At the time of the latest data, Bitcoin traded at $86,099, up nearly 0.9% over the previous 24 hours. The cryptocurrency touched $87,397, marking its highest point since late January 2026. In a significant technical achievement, Bitcoin reclaimed all major long-term moving averages after spending approximately 300 days below them. Maintaining levels above these averages is often regarded by market analysts as a sign of a sustained uptrend. For the first time since March 2023, Bitcoin closed above its 365-day moving average. Historically, this has served as an indicator of broader bull markets throughout previous cycles. Bitcoin now faces resistance in the $88,000 to $90,000 range. After nearly a year trading beneath long-term moving averages, Bitcoin has closed above the key 365-day line and now targets higher resistance levels. ETF inflows signal institutional interest Bitcoin exchange-traded funds recorded over $1 billion in net inflows, according to the latest data. This marks the largest single-day inflow since October 2025.