Krutika Adani
In the last five years, Bitcoin saw an average decline of 2.8%.
Due to macroeconomics and global factors, Bitcoin saw a fall of 12.5% and the crypto market cap saw a decline of 17.5% in the last 24 hours.
The price of Bitcoin generally sees a post-halving rally. However, this year, the rally has been elusive.
However, some analysts still expect a post-halving rally by the middle of this month.
Bitcoin needs to cross $55k to regain its uptrend. Till then, the price of $50k remains a solid support level.