Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.
Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.6% from the year’s low of $16,496 on January 1.
Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.
Notice the BTC was on the way down halfway through the previous halving events that reduce the new bitcoin supply and instigate market bubbles.
Read more: FTX reports $415mn in hacked crypto
The graph and previous cycles in this tweet aren’t the only ones. There were two price bubbles before the most recent two in 2013 and 2009.
These market cycles are actually planned into the Bitcoin price with its four-year halving events to drive demand for the crypto with diminishing new supply at each halving.
