The above is the author's statistics of the half month before each production cut to the day of the production cut.
The first halving: On December 12, 2017, the block reward was reduced from 5 ETC to 4 ETC. In the first half of the month, the price of Bitcoin increased from 24 to 35 on the day of the halving. A few days before the end of the bull market, Bitcoin rose from 9650 to 16349
The second halving: On March 17, 2020, the block reward was reduced from 4 ETC to 3.2 ETC. In the first half of the month, the price of Bitcoin dropped from 8.4 to 4.6 on the day of the halving. The market environment bull market is about to start before Bitcoin fell from 8500 to 5300!
The third halving: On April 30, 2022, the block reward was reduced from 3.2 ETC to 2.56 ETC. In the first half of the month, the price of Bitcoin dropped from 37 to 25 on the day of the halving. In the early bear market, Bitcoin fell from 40,000 to 37,000!
The fourth reduction: In June 2024, the block reward will be reduced from 2.56 to 2.04 ETC. #以太坊ETF批准预期 #etc减产 $ETC
Summary: According to history, if the price of Bitcoin rises or goes sideways in a bull market, the price of the currency will rise sharply in the first half of the month to the day of halving. If Bitcoin falls and is in a bear market, ETC will also fall!
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