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How This Crypto Winter Could Be Different From Previous Ones - Money Mind - BitcoinMost of bitcoin's gains come directly after the halving, and the next such event is expected in April , the firm said. The first crypto winter is generally considered to have started in January and may have lasted as long as December for a period of The exact timing of the crypto winter of is somewhat up for debate, starting in earnest around the time of the collapse of TerraUSD and.