Some topics about Bitcoin halving
Bitcoin halving occurs on average every four years.
The first halving occurred in November 2012,
the second in July 2016,
and the third in May 2020.
According to WELLER statistics, the previous halvings all occurred a few months before the start of the Bitcoin bull market cycle.
How does halving affect Bitcoin prices?
Based on historical experience, halving is effective in providing immediate support to Bitcoin prices. In theory, the impact of halving on Bitcoin prices may have been reflected because the approximate date is known in advance.
But this time, a new situation has emerged. In the past, Bitcoin has never halved so quickly after hitting a record high, so this halving may be one of the driving forces behind the rise in the crypto market this year.
In addition, the Federal Reserve hinted at a rate cut in 2024, and the launch of Bitcoin spot EFT earlier this year have affected Bitcoin trends.
