About 20 days from now, the Bitcoin halving will officially take place.
This event is considered crucial for Bitcoin as the block rewards for miners will be halved.
In previous halvings, Bitcoin's price has typically increased afterward, with the main narrative revolving around the issue of reduced supply. Specifically:
- 2012 Halving: Price surged by 55,208% since the 2011 low.
- 2016 Halving: Price surged by 11,274% since the 2015 low.
- 2020 Halving: Price surged by 1,888% since the 2019 low.
- Pre-Halving 2024: Price surged by 322% since the 2022 low (as of March 27, 2024).
Unlike previous years, Bitcoin in 2024 has seen significant changes both internally within the ecosystem (Ordinal, Bitcoin layer 2, etc.) and externally (spot Bitcoin ETF, macroeconomic situation, etc.).
BTC has reached a new all-time high (ATH), yet altcoins are still relatively quiet, with most of them trading below their ATH levels in November 2021.
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