Bitcoin Price Dips Below $60,000 Before Rebounding as Volatility Persists Ahead of Halving Event from price per unit calculator Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:45 👁 View: 130K times ✓ Published: 20-Apr-2024
Description: Bitcoin price dropped below $60,000 late on Thursday before rebounding above $64,000 on Friday morning in volatile trading ahead of an upcoming halving event. Some analysts believe bitcoin miners have been selling their holdings to shore up their balance sheets before the halving, which could reduce the profitability of some mining operations. Geopolitical tensions like attacks between Israel and Iran last weekend also impacted cryptocurrency prices recently. Investment flows into bitcoin exchange-traded funds, which launched in the US last year, have also supported the cryptocurrency's price gains.