The halving of bitcoin in the market has never been seen to be a success. Currently the price of many coins, including Bitcoin, is slightly higher. But there is no incentive to despair. The market is stuck in the traffic of investment.
Is this about bitcoin or altcoin? Bitcoin halving was in May 2020, I remember vividly the price of bitcoin which was around $8900 as at that time. After bitcoin halving, the price of bitcoin increased to over $10000, and it was clear how institutional investors like Grayscale, and microstrategy showing interests, and also payment companies like PayPal which adopt bitcoin in a way they are providing crypto services now. All these resulted to bitcoin price increase above $20000 in which bitcoin all-time-high was achieved and getting to a price above $23000. Any of the strong known altcoins has never achieved this, ether has never gotten to $1000, litecoin not gotten to $400 and many others like that not to talk of the altcoins getting to all-time-high.