Crypto Blog
With just a few weeks left until the completion of the fourth halving in BTC’s history, crypto analysts, experts, and commentators rush to offer their views on what can and might transpire in the following months.
In 2012, BTC moved sideways on the halving day and then pumped from $12 to $1166 after the halving. That’s a 9500% increase in just 380 days.The first halving took place in late November 2012 and reduced the production rate from 50 BTC to 25 BTC per block. According to a tweet from the popular crypto analyst Mags, the cryptocurrency’s price was quite sluggish on the day of the event. However, the months that followed saw a massive bull run, resulting in gains of 9,500% in just over a year .
That was short-lived as the largest cryptocurrency went on a roll again in the next 500 days and shot up by 4,100% – from $470 to the then-all-time high of nearly $20,000., saw the third halving. BTC was on a wild ride back then and had declined by about 17% in the days leading up to the event.
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