Bitcoin, the digital currency, is attracting attention due to its recent rise and upcoming halving event. Its value poses a paradox, offering both risk and inflation protection depending on the investor's perspective and reasons for ownership. Some see it as a speculative investment, while others view it as a hedge against inflation concerns. Despite debates about its true nature, Bitcoin remains a hotly contended asset, with its future price movement yet to be determined.
Bitcoin's price took a rollercoaster ride, plunging due to outflows but bouncing back on hopes of lower interest rates. Meanwhile, Ethereum is under regulatory scrutiny, with its price holding steady despite the uncertainty. The EU has cracked down on crypto payments, while central banks hint at rate cuts, which could boost cryptocurrencies. In the market, Ono, STX, TON, XCC, and FTM have performed well recently due to various drivers.
