$BTC 
Bitcoin, the world's first cryptocurrency, has a crucial pre-programmed feature: the reward for miners decreases by half after every 210,000 blocks mined. This event, known as a “halving” or “halving,” occurs approximately once every 4 years. Now, let's explore the previous Bitcoin halving dates and their impact on the price history of this cryptocurrency.
Bitcoin Halving in 2012:
The first block of the Bitcoin blockchain, also called the “Genesis Block,” was mined on January 3, 2009 by the enigmatic creator of the currency, known only as Satoshi Nakamoto.
At that time, the initial block reward was 50 BTC. Since Bitcoin had no monetary value, there was little incentive to mine, and Satoshi was almost the only miner.
However, as BitcoinMarket.com became the first Bitcoin exchange in March 2010, interest in the new currency grew. In the first half of 2011, the price of Bitcoin surpassed $1.
Although 50% of Bitcoin inventory was mined before the first halving, the price rose from $0 to $12 in that time1.
Bitcoin Halving in 2016:
The second halving occurred in July 2016. The reward per mined block was reduced to 12.5 BTC.
Unlike the first halving, this time the price of Bitcoin saw a significant increase in the following months. The price rose from around $600 before the halving to over $2,500 in December 20171.
Bitcoin Halving in 2020:
The third halving took place on May 11, 2020. The reward per mined block fell to 6.25 BTC.
Despite expectations, this halving did not cause an immediate increase in prices. However, in the following months, Bitcoin began to gain momentum and reached new all-time highs in 202112.
attention to predict how it will affect the market and price of Bitcoin
