Summary
TLDR: Bitcoin price dips below $60,000 ahead of halving event, down 14% for the week. Prices rebound slightly after geopolitical conflict in Iran. Ethereum and Solana also dip but start to recover. Halving event may be less exciting due to recent price drops.
Key Points
1. The price of Bitcoin plunged below $60,000 late Thursday for the first time since late February, falling as low as $59,573 at crypto exchange Coinbase.
2. Bitcoin’s price has now fallen 18% since hitting an all-time high price of $73,737 just over a month ago.
3. Following the sudden dip, Bitcoin’s price has rebounded slightly to $60,945 at present, down by more than 1% over the past day, but plunged from a price of over $63,000 to below $60,000 in less than two hours.