The Bitcoin halving cycle is now more than halfway complete, but the price increase is lower than in previous cycles.

According to CoinDesk, the current Bitcoin halving cycle is now more than halfway complete. The block reward has decreased to 3.125 BTC, the inflation rate has fallen below 1%, and the total supply continues approaching Bitcoin’s fixed cap of 21 million coins. Since the April 2024 halving, Bitcoin’s price has risen approximately 15%—a smaller gain compared to previous halving cycles—reflecting reduced price volatility as Bitcoin adoption grows and the market matures. This cycle is expected to conclude in April 2028; halving events occur every 210,000 blocks, roughly once every four years. Data shows Bitcoin reached an all-time high of approximately $126,000 in October 2025, before retreating to $60,000; its price has recently recovered to near $75,000. Market participants are currently watching whether a breakout above $75,500 could trigger the liquidation of roughly $200 million in short positions, potentially amplifying further price movement.