Bitcoin Price Dips Below $60K Ahead of Halving Event

The price of Bitcoin has dropped to nearly $60,000 as the halving event approaches, with the cryptocurrency currently trading at $60,266, down nearly 3% over the past 24 hours and 12% over the past week. The impending halving, which will reduce miner rewards, has contributed to heightened volatility, along with investors cashing out of Bitcoin ETFs and comments from Federal Reserve Chair Jerome Powell. The broader crypto market is also experiencing losses, with every top 20 coin and token down over the past 24 hours and week, except for Toncoin, which has risen by 2% in the past day.