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Illustration by Mitchell Preffer for Decrypt.
long awaited bisector The event took place on April 20th and after all the hype and speculation, Bitcoin is… sitting pretty still.
CoinGecko shows the price of the top coin is $64,041 after falling 5% in seven days. BTC has not moved at all in the last 24 hours, including the fourth mining reward reduction since its creation.
It was still a dramatic week for the largest digital asset by market capitalization after being hit by massive liquidations and problems in the Middle East last weekend. At one point, the stock fell below $60,000 for the first time since late February.
Last month, it reached its most recent all-time high of nearly $74,000. Although BTC is unlikely to be strong after the halving, a bearish attack also seems unlikely.
Still, experts said. decryption Pre-halving rises typically result in a lot of volatility.
Elsewhere in the market, the price of Ethereum fell more than 6%. The price of the second largest digital coin is currently $3,063. Reports earlier this week showed that investors are quickly cashing out of digital asset investment products that track Ethereum, with the biggest losses clearly being seen in the biggest coins and tokens.
In the altcoin world, meme coins have also performed poorly, with Pepe, Bonk, and Dogecoin all falling significantly by 12%, 13%, and 10% respectively in the past week.
ApeCoin was crushed earlier in the week when the broader cryptocurrency market took a hit, but has since recovered to hit near all-time lows. It has fallen about 3% in 7 days and is currently at $1.26.
Edited by Ryan Ozawa.
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