Yesterday, the price of the main cryptocurrency fell to $39,500, not seen since the first figures of December last year. There was then a bounce that took Bitcoin back to the $40,000 level for now, and such swings have happened twice in the last few hours.
As you may recall, this month, right after the approval of the Bitcoin ETF, a vehicle that will allow institutional investors to comfortably invest in the main cryptocurrency, the rate rose to $49,000 and then fell sharply.
According to analysts’ predictions, Bitcoin can expect an even deeper correction ahead of the halving scheduled for April this year. Historically, Bitcoin has always broken value records after halving.
The idea of the system was put forward by a group of users or authors under the pseudonym Satoshi Nakamoto in November 2008. The supply of Bitcoin is naturally limited, and by now most Bitcoins have already been mined.
Source: Port Altele
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