Bitcoin Halving (April 2024)

Bitcoin's fourth halving event on April 19, 2024 reduced block rewards from 6.25 BTC to 3.125 BTC, cutting daily new supply from ~900 to ~450 coins — a 50% supply reduction that is twice as sharp as the average halving impact on miner economics. Unlike previous cycles where price lagged the halving by months, the 2024 halving occurred while Bitcoin was already near all-time highs — demonstrating the structural demand impact of pre-approved ETF capital flows, which were 80% higher than pre-halving forecasts.