The halving events represent a widely observed event in
the Bitcoin calendar, both due to its reflection of the
programmatic scarcity of the asset and from the market
performance standpoint, which has historically followed
halving events. The chart below shows the indexed
performance over the 365 days following the last four
halving events.
The 2016 (blue) and 2020 (green) cycles are likely more
relevant points of comparison, as they represent a more
mature and developed digital asset landscape. Both
prior cycles experienced a period of several months of
relatively quiet performance following the halving before
experiencing remarkable peak returns of +350% and
+650%, respectively. The Bitcoin market in 2024 has
been following a similar trajectory over the weeks
following the fourth halving in April 2024. BTC prices
have traded within a range of just a few percentage
points since the event.
