After the halving on May 11, 2020, Bitcoin started to show a significant increase in its price a few months later. Let's break it down:
- **May 11, 2020 (halving):** The price of Bitcoin was around $8,500. - **July 2020:** The price started to rise significantly, surpassing $10,000. - **December 2020:** The price of Bitcoin reached around $20,000, reaching its previous all-time high from 2017. - **2021:** Bitcoin continued to rise, reaching new highs throughout the year, culminating in its all-time high in November 2021.
Therefore, after the halving in May 2020, Bitcoin started to rise notably about two months later, in July 2020.
After the May 11, 2020 halving, Bitcoin started to show a significant increase in price a few months later. Let's detail:
- **May 11, 2020 (halving):** Bitcoin's price was around $8,500. - **July 2020:** The price began to rise significantly, surpassing $10,000. - **December 2020:** Bitcoin's price reached about $20,000, hitting its previous record from 2017. - **2021:** Bitcoin continued to rise, hitting new records throughout the year, culminating in its all-time high in November 2021.
Therefore, after the May 2020 halving, Bitcoin began to rise notably about two months later, in July 2020.
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