The Bitcoin halving is coming, which means new Bitcoins created every day will be cut in half. This has historically led to price increases, with predictions of a 150-200% rise in the next year or two. However, the market is complex and the outcome is uncertain. Long-term investors should buy and hold, while short-term traders can hedge against volatility. The halving has also raised interest in Bitcoin as a gateway to other crypto investments.
Bitcoin experienced a 7% drop overnight, falling from $72,000 to $67,000. This is a significant event as Bitcoin has been gaining mainstream acceptance. Experts say this drop is healthy and removes excessive speculation. Bitcoin is still up 57% this year and has climbed due to anticipation of Bitcoin ETFs. Despite its recent high, Bitcoin is known for rapid rallies and dramatic drops. Crypto optimists hope that its volatility will decrease as it matures.
