--- title: "BTC: Price Performance Since Halving" description: "Free Price Performance Since Halving chart for Bitcoin: how far price has moved from the close on each halving day, with every epoch lined up on its halving, with current value, daily history, formula and sources. Updated daily." url: "https://blackalmanak.com/bitcoin/price-performance-since-halving/" asset: "Bitcoin (BTC)" updated: "2026-10-25T10:44:48+00:00" publisher: "Black Almanak" language: en --- # BTC: Price Performance Since Halving Each Bitcoin halving epoch measured from its halving-day close, with the halvings lined up. **Latest daily observation** ยท Closed day - **2024 halving epoch, 3.125 BTC (from 2024-04-20)**: 124.33% - **2020 halving epoch, 6.25 BTC (from 2020-05-11)**: 193.55% - **2016 halving epoch, 12.5 BTC (from 2016-07-09)**: 554.81% - **2012 halving epoch, 25 BTC (from 2012-11-28)**: 1826.30% - **First epoch, 50 BTC (from 2010-07-18)**: Not available - **Days since halving**: 917 days - **Bitcoin price**: $80,699.31 Observation: 2026-10-24 UTC. Dataset updated: 2026-10-25 10:44 UTC. Updated daily, normally at 08:30 Europe/Madrid. Daily resolution. **Data cross-checked.** Computed from the validated daily BTC close (each epoch's close divided by its close on the halving day). BTC price: cross-checked against Bitstamp daily BTC/USD close (independent exchange) (median difference 0.15% over 5,547 days (2011-08-18 to 2026-10-24); 95% of days within 1.78%). Checked 2026-10-25. [Data status](https://blackalmanak.com/status/) ## Recent daily values The last seven closed UTC days. These values remain daily when you change the chart range. | Date (UTC) | 2024 halving epoch, 3.125 BTC (from 2024-04-20) | 2020 halving epoch, 6.25 BTC (from 2020-05-11) | 2016 halving epoch, 12.5 BTC (from 2016-07-09) | 2012 halving epoch, 25 BTC (from 2012-11-28) | First epoch, 50 BTC (from 2010-07-18) | Days since halving | Bitcoin price | | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-10-24 | 124.33% | 193.55% | 554.81% | 1826.30% | Not available | 917 days | $80,699.31 | | 2026-10-23 | 124.68% | 189.96% | 555.90% | 1827.17% | Not available | 916 days | $80,924.18 | | 2026-10-22 | 125.19% | 195.20% | 556.48% | 1810.65% | Not available | 915 days | $81,257.02 | | 2026-10-21 | 129.69% | 196.90% | 614.20% | 1860.66% | Not available | 914 days | $84,176.08 | | 2026-10-20 | 127.72% | 204.17% | 612.42% | 1887.73% | Not available | 913 days | $82,898.91 | | 2026-10-19 | 126.21% | 183.41% | 613.71% | 1919.02% | Not available | 912 days | $81,918.20 | | 2026-10-18 | 126.23% | 215.57% | 620.61% | 1921.53% | Not available | 911 days | $81,935.17 | ## Formula Epoch performance on day k = close k days after the epoch anchor / close on the anchor. Anchors: 2010-07-18 (first close of our history, for the 50 BTC epoch) and the halvings of 2012-11-28, 2016-07-09, 2020-05-11 and 2024-04-20. Each older epoch runs up to and including the next halving and is shifted so that its day 0 falls on 2024-04-20. ## How to read it Every four years or so, after 210,000 blocks, the reward paid to miners for a new block is cut in half. Each line follows one of the periods between those cuts, called epochs, as a multiple of the close on the day it began: 100% is the halving-day close, 300% means price has tripled since. The older epochs are slid forward so that their halvings fall on 20 April 2024, the day of the latest one, and the time axis carries the dates of the current epoch. The first epoch had no halving to start from, so it begins with the first close in our history, on 18 July 2010. Each epoch has climbed less than the one before. From the halving close, the 2012 epoch peaked at about 92 times in December 2013, the 2016 epoch at about 30 times in December 2017 and the 2020 epoch at about 7.9 times in November 2021; those peaks came 12 to 18 months after the halving. The current epoch has so far topped out at about 1.9 times, in October 2025, some 530 days in. Reading straight down from today's date compares the epochs at the same age: on 24 October 2026, 917 days in, the current epoch stood at 124%, against 194% for the 2020 epoch, 555% for 2016 and about 1,830% for 2012. Unlike a chart anchored on cycle lows or peaks, the anchor here is a date fixed in advance by the protocol, so nothing in it depends on hindsight. That makes the comparison cleaner, but it does not show that halvings drive price; with four complete epochs, it is a record of what happened, not a forecast. ## Limitations - Built from one daily close per day (Coin Metrics Community Data). Glassnode builds its price from a volume-weighted average across exchanges, so the multiples can differ slightly; recomputed from Bitstamp's daily closes for the epochs since 2012, ours differ by a median 0.4% (95% of days within 1.2%). The 50 BTC epoch has no independent check, since Bitstamp's history starts in August 2011. - A halving happens at a block height, not at a set time; the day used is the UTC date of that block, and the close is the end of that day, a few hours to most of a day after the halving itself. - The first epoch starts from a close of about $0.09 in July 2010, when trading was very thin, so its multiples (peaking near 340 times in June 2011) are far more sensitive to the exact starting price than the others. Glassnode also starts it at the beginning of its own price history, which may not be the same day. - The time axis carries the current epoch's dates, so the older epochs, which lasted about 1,300 to 1,440 days, show their later days only as the current epoch reaches them. - Four completed epochs are a small sample, and the current one is still running. ## Historical examples Selected mechanically: the lowest and highest closed-day 2024 halving epoch, 3.125 BTC (from 2024-04-20) in the available history (2024-04-20 to 2026-10-24). These are observations, not forecasts or trading signals. **Lowest observed** ### 2024-09-06 2024 halving epoch, 3.125 BTC (from 2024-04-20): **82.95%**. Bitcoin price in the same daily row: $53,838.95. This is a descriptive reference point in this dataset; it does not establish a market top, bottom or future return. **Highest observed** ### 2025-10-06 2024 halving epoch, 3.125 BTC (from 2024-04-20): **192.31%**. Bitcoin price in the same daily row: $124,824.45. This is a descriptive reference point in this dataset; it does not establish a market top, bottom or future return. [Download these closed daily observations (JSON)](https://blackalmanak.com/data/charts/bitcoin-price-performance-since-halving.json?v=2026-10-25) Source: Computed by Black Almanak from the validated daily BTC close (each epoch's close divided by its close on the halving day). Price source: Coin Metrics Community Data (CC BY-NC 4.0). One row per day since the current halving (2024-04-20); older epochs are shifted so their halvings fall on that day. [Methodology and sources](https://blackalmanak.com/methodology/). --- Markdown version of https://blackalmanak.com/bitcoin/price-performance-since-halving/, where the interactive chart is, rebuilt with every daily update. Black Almanak: open on-chain metrics for Bitcoin and other cryptocurrencies. Nothing here is investment advice.