It has been five days since the completion of Bitcoin halving and slicing the Bitcoin mining reward to 3.125. Before Bitcoin halved, the cryptocurrencies faced a severe correction zone where Bitcoin dropped to below $60K. The same happened with Ethereum, as it went down to $2878.
So, how is the market performing post-halving? Is there any difference between the expectations for this period? Let us discuss all that in this blog.
Bitcoin Performance After Bitcoin Halving
In a week, Bitcoin price has surged by 3% and is currently trading at $63,524.58 with a market cap of $1,250,843,024,207. After the Bitcoin halving, the BTC rose to its highest point of $67,215 on the 23rd of April and now seeks to enter a downward trend as the price has dropped 4.31% in the last 24 hours. In contrast to the losses, the Bitcoin trading volume has surged 36%, bringing the value to $32,662,374,482.
As per Alex Kuptsikevich, a well-known analyst, technical indicators are indicating a bearish trend. He said
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