#BTC The big day of the cryptocurrency circle is coming, and there are only 8 days left before the Bitcoin halving. Perhaps the new players in the cryptocurrency circle are still unfamiliar with the concept of "halving", but it is an important regulatory mechanism in the world of digital currency. In addition to Bitcoin, many blockchains that adopt the PoW consensus mechanism also have similar halving designs.
Looking back at history, after each halving of Bitcoin, its price has soared within 6 to 12 months, setting new highs. Therefore, the halving event is closely linked to the bull market in the cryptocurrency market and is regarded as an important turning point. For the majority of players, halving is not only about numbers, but also about interests.
So far, Bitcoin has experienced three halvings, and this time it is about to usher in the fourth historic moment. The market performance after the first three halvings is remarkable:
Six months after the first halving, the highest increase reached an astonishing +2022.26%;
The second halving also increased by +75.70%;
The third halving also increased by +81.37%.
Today, we are standing on the threshold of the fourth halving, just like carving a boat to find a sword, hoping to replicate the glorious history of the previous three times. However, the market is always full of variables, but the halving mechanism has undoubtedly injected new vitality and expectations into the cryptocurrency market. Let us wait and see how this halving will write a new legend.
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