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Halving excitement in Bitcoin: What happened in the past?
We are hours away from the Crypto industry's long-awaited Bitcoin (BTC) halving.
The countdown has begun for the Bitcoin halving, which takes place every four years. The Bitcoin halving, one of the key elements of the Crypto money market, will take place on April 20. It is eagerly awaited how the effects of the halving, which investors are also looking forward to, will be on cryptocurrencies. And what happened when we look at the Bitcoin halvings in the past? BTC the admiral of Crypto coins, what levels has it seen?
He set sail for his first halving ride at $12!
The first Bitcoin (BTC) halving took place on November 28, 2012. First, the halving did not have a significant impact on the price of Bitcoin. But in the first weeks of 2013, a big rise in the price of BTC began. When the halving began, the BTC price was $12. After 100 days, the price climbed to $42. After a one-year hiatus, it saw $ 964. The Block number was 210,000 and the block reward was 25 BTC.
$20,000 approached with the euphoria of the second halving!
His second Bitcoin halving took place on July 9, 2016. The popularity of the rapid increase in the price of Bitcoin increased the excitement for this halving. Although the leader of Crypto currencies entered the correction process immediately after the 2016 halving, it quickly recovered and ATH at $19,700 on December 17, 2017. When the halving began, the BTC price was $663. After 100 days, the price dropped to $609. After a one-year hiatus, it saw $ 2550. The Block number was 420,000 and the block reward was 12.5 BTC.
With the third halving, it exceeded $10,000 again!
As with the previous Bitcoin halvings, the third halving that took place on May 11, 2020 did not bring about a critical price increase. In fact, the Corona Virus case, which started in March, directly affected the cryptocurrency market. When the halving began, the BTC price was $8,740. After 100 days, the price rose to $11,950. After a one-year hiatus, it hit $8,940. The Block number was 630,000 and the block reward was 6.25 BTC.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.