The April 2024 halving cut Bitcoin’s block reward from 6.25 to 3.125 BTC, reducing new daily issuance to roughly 450 BTC. Historically, each halving has tightened supply while demand expands, and the 2024 cycle arrived alongside record inflows into U.S. spot Bitcoin ETFs.
With a hard cap of 21 million coins and more than 19.7 million already mined, scarcity remains Bitcoin’s core narrative. Long-term holders continue to absorb supply, and on-chain data shows a growing share of coins that have not moved in over a year.
Figures are indicative and for educational purposes only. This is not investment advice.