Following the 2012 halving, Bitcoin surged to end the following year at a new high; and a similar pattern played out in 2016 and again in 2020.
Bitcon has ended 2025 lower than it began, marking the first time it’s fallen in a post-halving year.
Bitcoin (BTC) halvings occur every four years, when mining rewards are cut in half and fewer new coins enter the market. Historically, this has resulted in a cycle of accumulation: a post-halving bull run that peaks, followed by a sharp correction and a multi-year bear market.
After the 2012 halving, Bitcoin spiked to end the following year at a new high; a similar pattern played out in 2016 and again in 2020.
