Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving
Briefly

BTC recently barely moved post-fourth halving, maintaining levels near $63,700 after dropping to $59,685 then rebounding above $65,000.
Historically, halvings preceded bitcoin price rallies; the previous halving in May 2020 saw the price surge from $9,500 to $65,000 in a year.
JPMorgan anticipates a bitcoin price drop post-halving due to 'overbought conditions,' while Goldman Sachs highlights the importance of favorable macro conditions for sustained growth.
Bitcoin trading between $59,600 to $73,860, with market fluctuations influenced by global events like rising conflict in Israel and recent $4 billion open interest decline on April 12.
Read at Coindesk
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