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The halving event effectively reduced the Bitcoin block reward from 6.25 $BTC to 3.125 $BTC, exacerbating competition among transactions on 20 April.

Bitcoin halving sets new milestone with $107.7M in mining revenue

The geopolitical tensions escalating in the Middle East are thought to be a significant factor contributing to Bitcoin’s instability.

Unexpected drop hits Bitcoin; $63K resistance tests investor resolve

The halving, by reducing the rate at which new Bitcoins are generated, emphasises scarcity and has historically been a precursor to price volatility and rallies.

Investor interest peaks as Bitcoin ascends to $70,800 before halving