BTC CYCLE OBSERVATORY

The Bitcoin cycle,
in perspective.

From the genesis block to today. Explore price history, compare halvings and track the network.

01 MARKET

Bitcoin now

BITCOIN PRICE
—
—last 24h
MARKET CAP
—
Circulating market cap
24H VOLUME
—
Traded across tracked markets
BLOCK HEIGHT
—
Latest block

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BTC / USD

Price history

Daily series · Coin Metrics

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USD reference prices are separate from the live quote. Halving

Bitcoin market indicators

Track BTC derivatives and spot liquidity.

MARKET UPDATE

Crypto Radar

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      COINGECKO · USD

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      Headlines from original sources. The page checks for updates every minute while open. Source updates may lag.

        BTC · MEMPOOL

        Whale radar

        Pending: a sample of recent mempool transactions. Confirmed: the first 25 transactions from each of the three latest blocks, excluding mining rewards.

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        Total outputsBlock / observationTransaction

        Output totals can include change or transfers between wallets controlled by the same person. The sample does not cover the entire network. mempool.space ↗

        YOUTUBE · INSTAGRAM

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        BTC · ETH · SOL

        Treasuries

        Track companies reporting reserves in BTC, ETH and SOL, including Strategy (formerly MicroStrategy).

        CompanyCountryReported holdingsEstimated valueHoldings change

        Changes compare two snapshots in this browser and can reflect purchases, sales or source corrections. The time shows when data was checked, not when a purchase took place.

        MEMECOINS

        Memecoin prices, volume and returns

        Compares up to 100 CoinGecko memecoins by market cap. Top gainers must have at least US$1 million in 24h volume. Returns are USD price changes before fees.

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        VIDEO GUIDE 0:51

        Bitcoin from scratch

        Learn how BTC moves, why transactions go into blocks and how halvings affect issuance.

        Audio in Brazilian Portuguese; English subtitles available

        IN THIS VIDEO

        From wallets to halvings

        1. What is Bitcoin?
        2. How transfers are verified
        3. What blocks record
        4. How halvings reduce issuance
        5. How market price forms
        Read transcript

        Bitcoin, or BTC, is a digital currency. You can send and receive it on a public network without a central bank.

        Your wallet signs the transaction with a private key. The network checks the signature and whether those bitcoins can still be spent.

        Miners group transactions and compete to propose a block. Network nodes check the rules. The chain of blocks forms the public history called the blockchain.

        Issuance is limited to about 21 million bitcoins. Every 210,000 blocks, a halving cuts the number of new bitcoins per block in half.

        The price forms through market trading. Atlas Bitcoin tracks BRL and USD quotes and compares the periods following each halving.

        How Bitcoin works ↗
        Halving rules ↗

        02 COMPARISON

        Four cycles, one starting point

        Compare the same day across cycles. Each curve starts at 1×, the first daily reference price after its halving.

        Loading cycles…

        Log scale. Source: Coin Metrics, BTC in USD. Each cycle ends at the next halving or latest data point. Market conditions varied by cycle.

        03 TIMELINE

        From the first block to the fourth halving

        The milestones that defined Bitcoin issuance.

        1. 03 JAN 2009

          Genesis block

          The network starts with a subsidy of 50 BTC per block.

          BLOCK 0
        2. 28 NOV 2012

          First halving

          The subsidy falls from 50 para 25 BTC.

          BLOCK 210.000
        3. 09 JUL 2016

          Second halving

          The subsidy falls from 25 para 12,5 BTC.

          BLOCK 420.000
        4. 11 MAI 2020

          Third halving

          The subsidy falls from 12,5 para 6,25 BTC.

          BLOCK 630.000
        5. 20 ABR 2024 · UTC

          Fourth halving

          The subsidy falls from 6,25 para 3,125 BTC.

          BLOCK 840.000
        04 TOOLS

        Understand the numbers

        Bitcoin converter

        Calculate the equivalent in fiat and satoshis.

        BTC
        —

        1.000.000 satoshis

        Reading the cycles

        What price and network data show.

        What changes at a halving?

        Every 210,000 blocks, the miner subsidy halves. Issuance slows, and the market still responds to supply, demand and liquidity.

        Why use a log scale?

        Equal ratios take equal space. Moving from $100 to $1,000 takes the same space as $1,000 to $10,000.

        Why does price history begin in 2010?

        The network started in 2009. The Coin Metrics daily USD price series begins on July 18, 2010.

        SELF-CUSTODY

        Hardware wallets

        Compare before buying

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