Standard Chartered Bank has warned that Bitcoin's recent drop below the $60,000 mark could be the beginning of more significant losses in the near future.
The halving coincided with a surge in transaction fees as many users competed for limited space. Bitcoin users collectively spent 37.7 BTC in fees, equivalent to over $2.4 million at current prices, to secure transactions within this block.
Bitcoin halving, which happens roughly every four years, the latest of which is expected this week, is a change in bitcoin's underlying blockchain technology designed to reduce the rate at which new bitcoins are created
Get insights into the upcoming Bitcoin halving event, its historical significance, and expert opinions on the potential price movements in the crypto market. Stay informed about the impact of geopolitical tensions and market turbulence on Bitcoin's price post-halving.