CandleFocus Bitcoin's (BTC) Historic First Halving Happened 12 Years Ago on This Date: Details
2024-11-28
Author: Content Editor
Bitcoin celebrated the 12th anniversary of its first halving event, which occurred on November 28, 2012. This event reduced the block reward from 50 BTC to 25 BTC and was an important milestone for the network. Despite initial concerns about its impact on miners' revenue, the halving eventually fueled Bitcoin's price rise. The most recent halving occurred in April 2024, reducing the block reward to 3.125 BTC, and the next halving is expected in April 2028. Bitcoin's price recently climbed towards $100,000 but experienced a drop before rebounding. Macro-economic concerns and profit-taking contributed to the dip in price.
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