According to the data, the spikes seem to have come from a renewed interest in Africa. Three of the top five countries including Nigeria, South Africa, and Ghana are African, with Austria and Switzerland as the remaining two countries from the top five.
A Bitcoin halving is a network event that happens after every 210,000 blocks are mined, a process that usually takes about 4 years. At every halving, block rewards paid out to miners for every block produced is exactly halved, creating a scarcity that historically sends prices high. The next halving is expected in May next year and is highly anticipated as people consider it a big enough catalyst for another major Bitcoin bull run, possibly pushing it to its current all-time high at $20,000.
