On August 20th, according to Unchained, according to blockchain analysis firm CryptoQuant data, the price of BTC fell by more than 8.2% after the halving, from $63,825.87 on April 19 to $58,530.13. In all past halving years, the dollar value of Bitcoin has risen in the following four months.
In 2020, the price of BTC rose by about 21.4% in the four months following the halving, from $8,566.77 to $10,402.66.
In 2016, the price of BTC rose by 11.12% over the same period, from $638.19 to $720.97.
Similarly, according to CryptoQuant data, in 2012, BTC was trading at $12.35 on the day of the halving, and four months later, its price had risen by nearly 600% to $86.18.
Data: Bitcoin Price Drops 8.2% After Halving, Worst Halving Performance Ever
2024-08-20 03:29:38
20 news unchained reports according to district analysis company cryptoquantdesk3cryptocurrencydesktopCrypto News
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