Cryptocurrency trading volumes have experienced a decrease of nearly 12% to $40 billion. In the past four hours, traders have sold off over $115 million worth of assets, with $96.70 million coming from long positions and the remaining amount from short positions. The coin has encountered heightened volatility in the lead-up to the halving, contributing to an increase in its value apart from the halving event. Consequently, the price of BTC surged significantly and achieved its peak historically in March.
Conversely, digital asset mining companies are set to gradually reduce accumulated coins post-halving, thereby exerting pressure on cryptocurrency prices.
