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.