2020 Bitcoin Halving Date & Price History


The Bitcoin halving is one of the most celebrated events in the Bitcoin world.

The 2020 Bitcoin halving was exciting and a lot happened before and after.

Let’s take a look!

Key Takeaways

  • In the 2020 Bitcoin halving, the Bitcoin block reward dropped from 12.5 to 6.25 BTC per clock.
  • The Bitcoin 2020 Halving took place on May 11, 2020.
  • The next Bitcoin halving is estimated to take place in March or April 2024.

What Happened?

In the 2020 Bitcoin halving, which is the most recent Bitcoin halving, the reward dropped from 12.5 to 6.25 BTC per block.

This means Bitcoin’s inflation rate was cut in half.

Halving 2020 Date

The Bitcoin 2020 Halving took place on May 11, 2020.

➤ MORE: 2024 Bitcoin Halving Countdown

What Happened Before the 2020 Halving?

The Bitcoin price hit a low of $3,858.00 USD on March 12, 2020.

In the next two months before the halving, the price would nearly triple and hit $10,000 USD on May 6, 2020, which was 5 days before the halving.

In the chart below, the black vertical line is the day the 2020 halving took place:

2020 btc price
The Bitcoin price chart from March to August 2020.

What Happened After the 2020 Halving?

Usually, the Bitcoin price goes up shortly after halvings.

And that’s exactly what happened in 2020 after the halving.

By the end of July 2020, Bitcoin’s price came roaring back from its 2020 low of $3,858.00 USD and hit more than $12,100 USD in late July 2020.

By the end of 2020, Bitcoin went on to hit more than $30,000 USD per bitcoin and hit nearly $42,000 per bitcoin by January 2021. This can be seen in the chart below:

btc price 2020
The Bitcoin price chart from August 2020 through January 2021.

Where to Track the 2024 Halving?

You can track the 2024 Bitcoin halving estimated date using our Bitcoin halving countdown clock.

2024 halving countdown
Buy Bitcoin Worldwide's Bitcoin 2024 halving countdown page.

We estimate the 2024 halving date based on live Bitcoin network data, ensuring an accurate estimate.

Predictions for 2024 Halving

The 2024 halving will likely create tons of media hype and interest in Bitcoin.

We’ve seen halving price predictions from Chase bank analysts as high as $120,000 and even Adam Back, CEO of Blockstream make bets that Bitcoin will reach at least $100k.

The 2024 halving is important because it is the year Bitcoin’s inflation rate will finally go below gold, making it the scarcest money to ever exist.

➤ MORE: Learn about the 2016 Bitcoin Halving

What happened in the 2012 and 2016 halvings?

You can read about both of those here:

➤ MORE: 2012 Bitcoin Halving Date & Price History

➤ MORE: 2016 Bitcoin Halving Date & Price History

Re-live the 2020 Halving

There were many livestreams of the 2020 halving, including this 12-hour special live-stream. Re-live the 2020 halving and watch below!

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. BitBo.io - Bitcoin Halving History, https://charts.bitbo.io/halving-progress/
  2. Bloomberg - Bitcoin Is Set to Quadruple to $120,000 by End of 2024, Standard Chartered Says, https://www.bnnbloomberg.ca/bitcoin-is-set-to-quadruple-to-120-000-by-end-of-2024-standard-chartered-says-1.1943809
  3. Twitter - Adam Backs $100k Bitcoin Bet, https://twitter.com/adam3us/status/1687867034158440448

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.

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