Bitcoin halving history and market shocks

Since its birth, Bitcoin has experienced several halvings and market shocks, each of which has had a profound impact on investors. The following are several important halving events and their subsequent market dynamics:

The first halving (November 28, 2012): Bitcoin rose from $10 to $1,100, an increase of more than 100 times. But then it encountered a policy blow and the price quickly fell back.

"Mentougou Incident" (February 24, 2014): Mt.Gox exchange was hacked and lost a large amount of Bitcoin. The market took a sharp turn for the worse and the price of Bitcoin plummeted to $178.

The second halving (July 9, 2016): After experiencing a bear market, Bitcoin rose from $650 to $19,800. Then due to policy adjustments and market bubble bursts, the price plummeted again to around $3,000.

"312 Incident" (March 12, 2020): The U.S. stock market circuit breaker caused the price of Bitcoin to plummet from $8,000 to $3,800, and many altcoins were also hit hard.

The third halving (May 11, 2020): Despite the global economic crisis, Bitcoin soared to nearly $70,000 after the halving, triggering a market frenzy. However, subsequent policy adjustments caused the market to fluctuate again.

"519 Incident" (May 19, 2021): The policy prohibits virtual currency-related businesses, Bitcoin prices plummet, and the market bubble bursts.

Bitcoin will usher in the fourth halving in 2024, and the market is expected to be more mature but global economic growth will slow down. Although it is impossible to predict the future, historical experience shows that Bitcoin halving events are often accompanied by violent market fluctuations. Investors need to pay close attention to market dynamics and make prudent decisions.

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