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Bitcoin and Ether Experience Declines as Market Anticipates Halving Events

The cryptocurrency market sees significant price adjustments ahead of Bitcoin and Bitcoin Cash's halving events, with analysts predicting increased volatility.

  • Bitcoin and Ether lost 5% and 7%, respectively, over 24 hours, with Bitcoin trading around $65,200 and Ether at $3,200.
  • Bitcoin Cash spikes 10% after its halving, while Bitcoin's next halving is expected around April 19, 2024.
  • Market analysts predict increased volatility in the coming weeks due to the halving events and changes in supply dynamics.
  • The overall crypto market cap dipped by 0.93% in the last 24 hours, with most cryptocurrencies hit by losses.
  • Analysts suggest the current market weakness as a consolidation within the bull market, with potential for significant price movements post-halving.
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