The OG token had been mostly sideways ever since reaching an all-time high of over $73,000 on March 13th until a big drop on Tuesday.
- Bitcoin skyrocketed to cut losses.
- Bitcoin halving is coming up in two weeks.
- In the first quarter, the broader market added $900 billion in value.
- Bitcoin
BTCUSD It fell on Tuesday but was looking to rebound early Wednesday. The leading crypto asset fell more than 7% during yesterday's session, dropping about $5,000 to a 10-day low of $64,500 per coin. But eager buyers tried to push the price above the $66,000 threshold earlier today, marking the biggest one-day drop since early March. - It was a weak start. Roughly 10% of Bitcoin's valuation has been leaked in the past two days. However, as a milestone event approaches, volatility is bound to increase. Bitcoin halving is expected to occur in about two weeks. Approximately every four years, the incentive to mine his BTC will be cut in half as a way to preserve the token's unique appeal as the essence of the scarcity premium.
- Some people may argue The flagship cryptocurrency thought it needed a breather after its incredible rise to an all-time high of over $73,000 last month. Furthermore, Bitcoin ended the first quarter with a 63% gain as the industry celebrated the entry of 11 Spot Bitcoin ETFs. During this period, the overall cryptocurrency market valuation increased by 50%, or about $900 billion, jumping from $1.64 trillion to its current level of $2.5 trillion.
