Despite the recovery observed this Monday, some analysts warn about the possibility of it entering a risk phase before its next halving.
After a few days in which most cryptocurrencies experienced a decrease in value, Bitcoin starts the week with an increase close to 2%. This boost is significant for the leading cryptocurrency, which after reaching all-time highs last week, now exceeds $68,000.
As for the rest of the crypto market, Ethereum increases 1.70%, reaching US$3,621.67, while Solana climbs 10%, reaching US$202.02. The price of XRP has registered an increase of 1.57%, reaching $0.6219, and Cardano advances 1.12%, reaching $0.6751.
In mid-March, Bitcoin hit a new all-time high of $73,700, but has since seen a 9% drop. Despite the recovery observed this Monday, some analysts warn about the possibility of entering a risk phase before its next halving.
It is important to remember that during the 2016 Halving, BTC experienced a 40% decrease, and in 2020 it lost 20% of its value. The next halving is scheduled for April 20.
Bitcoin: what the market analyzes
However, other experts suggest that there may only be a superficial correction, as they anticipate that lower levels could attract solid buying from investors in the ETFs of Bitcoin spot.
So far this year, Bitcoin is up approximately 70%. Since it reached lows around US$38,500 on January 23, it has experienced notable growth. On March 5, it broke its own record for the first time since November 2021 by exceeding $69,000.
Source: Ambito
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