2020 Halving
Bitcoin price from third halving (May 2020, 12.5 to 6.25 BTC)
| Property | Value |
|---|---|
| Category | Market Data |
| Unit | index |
| Resolution | 1d |
| Assets | BTC |
| Tier | Basic |
| API Endpoint | GET /v1/cycle-performance?type=halving |
| Field | cycle_3 |
Overview
2020 Halving Cycle tracks Bitcoin's price as an index starting from the third halving on May 11, 2020, when the block reward dropped from 12.5 to 6.25 BTC. This halving occurred during the COVID-19 pandemic, with unprecedented global monetary stimulus amplifying Bitcoin's supply shock narrative.
Formula
Interpretation
- Post-halving rally peaked at approximately 8x by November 2021
- Price on halving day was approximately $8,600
- COVID-era monetary stimulus (quantitative easing, low interest rates) amplified the post-halving rally
- Institutional buyers (MicroStrategy, Tesla, Square) entered the market during this cycle
Use Cases
- Institutional era benchmark: First halving cycle with significant institutional participation and corporate treasury adoption
- Modern comparison: Most recently completed halving cycle, making it the most relevant baseline for current cycle analysis
- Macro sensitivity: Demonstrates how global monetary policy can amplify or dampen halving supply shocks
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
- 2012 Halving — Bitcoin price from first halving (Nov 2012, 50 to 25 BTC)
- 2016 Halving — Bitcoin price from second halving (Jul 2016, 25 to 12.5 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