Bitcoin Moves Past Halfway Point in Halving Cycle as Supply Tightens Toward 2028
By Micah Zimmerman
Bitcoin has surpassed the midpoint of its current halving cycle, which began after the April 2024 event, with the next halving expected in mid-April 2028 at block 1,050,000, reducing miner rewards from 3.125 to 1.5625 BTC per block. The asset has gained about 15% since the halving, trading around $74,000 after peaking at $126,000, reflecting slower gains due to larger market size and institutional inflows via ETFs. Miners face margin pressure and are pivoting to AI infrastructure using their existing facilities.
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