📢 The first Bitcoin halving happened on November 28, 2012. This was when 210,000 blocks had been mined, and the reward for mining was cut from 50 BTC to 25 BTC. On that day, Bitcoin's price was $12.3, but it later soared to $1,175.0, a massive jump of 9552.85%.
The second halving was on July 9, 2016, at the 420,000-block mark. The mining reward dropped from 25 BTC to 12.5 BTC. The price of Bitcoin at the time of the halving was $648.1, and it eventually reached a high of $19,800.0, an increase of 3055.08%.
The third time Bitcoin halved was on May 11, 2020, after 630,000 blocks were mined. The reward went down from 12.5 BTC to 6.25 BTC. On this halving day, Bitcoin's price was $8,560.6, and it peaked at $67,775.3 in that cycle, increasing by 791.71%.
The fourth halving is expected on April 24, 2024, when 840,000 blocks have been mined. This will cut the reward to 3.125 BTC. The price on the halving day, the peak of this cycle, and the maximum increase are still to be seen.
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