Bitcoin Price Surges Past $86,000 as Halving Countdown Hits 61%
The Bitcoin halving process is nearing completion at 61%, which will lead to a significant reduction in block rewards. The current price of BTC has surpassed $86,000, with institutional investors driving demand through massive ETF inflows. Blackrock's IBIT led the pack with nearly $381 million in net inflows on September 22, followed by ARKB and FBTC with $289 million and $239 million respectively.
According to Woofun AI, the Bitcoin halving countdown has advanced to a key milestone where the four-year cycle enters its second half. Market attention is shifting towards the next halving event in April 2028 when the block reward will drop to 1.5625 BTC. Analysts are looking at this as a major macroeconomic milestone that provides an anchor for expectations of supply tightening.
From a technical standpoint, OKLink data indicates that the specific halving date is set for April 13, 2028, when approximately 109,000 blocks will still remain to be mined. Historically, price surges often precede halvings, and Coinbase CEO Brian Armstrong has predicted that BTC is likely to maintain its upward momentum over the next year or two as the halving event approaches.