The first Bitcoin halving occurred on November 28, 2012, when the number of blocks mined reached 210,000. This event reduced the mining reward from 50 BTC to 25 BTC. On the day of the halving, the price was 12.3 USD and the cycle peaked at 1,175.0 USD, marking a staggering increase of 9552.85%.
The second halving took place on July 9, 2016, after 420,000 blocks were mined. The reward has been halved from 25 BTC to 12.5 BTC. Bitcoin was priced at $648.1 during the halving and the cycle peaked at $19,800.0, showing an increase of 3055.08%.
The third halving occurred on May 11, 2020, after 630,000 blocks were mined. Reward reduced from 12.5 BTC to 6.25 BTC. Bitcoin's price was $8,560.60 that day, reaching a high of $67,775.30 this cycle, with an increase of 791.71%.
The fourth halving, scheduled for April 24, 2024, will be activated at 840,000 blocks mined, reducing the reward to 3,125 BTC. Details on the price on halving day, the highest price in this cycle, and the maximum increase are yet to be announced.
