$BTC In the period between the first and second halving, the initial value of BTC was approximately $12. However, it rose a mind-boggling 10,000% to over $1,200.
Between the second and third halvings, BTC remained dormant around $650. However, after the said halving event, the value of this cryptocurrency increased by over 2,900% to almost $19,000.
The most recent halving resulted in a price increase of approximately 750% for BTC, which may seem modest compared to previous halvings. The cryptocurrency in question started at around $9,000 and rose to around $70,000.
According to the figures mentioned above, the price increase percentage for each halving decreases with an increase of 3.5-3.9 times compared to the previous halving. Therefore, if this trend continues, the projected BTC price increase for the 2024 halving could be nearly 200% from its lowest value.
