2012 Halving
Bitcoin price from first halving (Nov 2012, 50 to 25 BTC)
| Property | Value |
|---|---|
| Category | Market Data |
| Unit | index |
| Resolution | 1d |
| Assets | BTC |
| Tier | Basic |
| API Endpoint | GET /v1/cycle-performance?type=halving |
| Field | cycle_1 |
Overview
2012 Halving Cycle tracks Bitcoin's price as an index starting from the first halving on November 28, 2012, when the block reward dropped from 50 to 25 BTC. This was the most significant supply shock event in Bitcoin's history, cutting new daily supply from approximately 7,200 BTC to 3,600 BTC.
Formula
Interpretation
- The most explosive post-halving rally in Bitcoin history, reaching over 90x within 12 months
- Price on halving day was approximately $12
- Peak reached about one year after the halving event
- The extreme multiplier reflects early-stage adoption and very low starting base
Use Cases
- Halving effect baseline: The first halving produced the largest supply shock effect in percentage terms
- Diminishing returns analysis: Compare against subsequent halvings to measure the decay in post-halving performance
- Post-halving timing: Historically, peak occurred 12-18 months after the halving event
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/cycle-performance?type=halving?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- 2016 Halving — Bitcoin price from second halving (Jul 2016, 25 to 12.5 BTC)
- 2020 Halving — Bitcoin price from third halving (May 2020, 12.5 to 6.25 BTC)
- 2024 Halving — Bitcoin price from fourth halving (Apr 2024, 6.25 to 3.125 BTC) — current cycle
- Cycle Performance (Halving) — Price performance comparison from halvings