Bitcoin completed its fourth halving on April 20th, with block rewards falling from 6.25 BTC to 3.125 BTC. Historically, halvings have been related to growing bitcoin prices and eventually marked the beginning of new cycles followed by massive surges in value.
The latest halving is no different, even as BTC reached an all-time high beyond $73K before the event for the first time in its history.
Previous Halvings Cycles
The first halving of Bitcoin in November 2012 marked a watershed moment for the world’s leading cryptocurrency. At the time of the event, BTC was trading at a value of $12.50. Following the block reduction, its price experienced a steady climb, but the real surge occurred in 2013. Just over a year later, on November 29, 2013, bitcoin hit a peak of $1,163, marking a whopping 93x return from its price at the time of the event.
The second halving took place in July 2016, with bitcoin priced at $638.51. Unlike the first, BTC immediately responded with a strong rally. The p
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