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Image source: Getty Images. Anyone following cryptocurrencies lately has noticed that the Bitcoin (BTC) price in U.S. dollars has fallen by more than 47% from its peak above US$64,100 in April to trade below US$33,000 by the time of writing on Tuesday morning. The leading cryptocurrency is seemingly tangled up in its usual boom-and-bust cycles, which follow every fourth year “halving” event. Bitcoin usually soars to new all-time highs after rewards to miners are cut in half after every 210,000 coins are mined. This usually happens every four years. It can be noted that in the first cycle, which ended in November 2012, BTC’s price reached a high of about US$30. In the second cycle ending July 2016, the coin’s all-time high was US$1,200; and in the third and most recent cycle that ended in May 2020, US$20,000 was the magic number.

United statesNorth americanNorth americaTim draperஒன்றுபட்டது மாநிலங்களில்வடக்கு அமெரிக்கன்வடக்கு அமெரிக்காநேரம் டிராப்பர்