Bitcoin’s next halving event is now just one week or approximately 1,000 blocks away, according to The Block’s Bitcoin Halving Countdown page.
There have been three halving events in Bitcoin's history, reducing its block subsidy inflation from 50 BTC to 25 BTC in 2012, then to 12.5 BTC in 2016 and 6.25 BTC at the last halving on May 11, 2020. In the long term, there will only ever be 21 million bitcoins in existence. Bitcoin's hash rate, which measures the total computational power dedicated to the network by miners, reached a new seven-day moving average all-time high of 629.75 EH/s ahead of the difficulty adjustment on Wednesday, according to The Block’s data dashboard.
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