Bitcoin Price Soars to $65K on Eve of Halving Event

Bitcoin experiences volatile price swings, jumping to $65,000 ahead of its upcoming halving event, which will reduce miner rewards by half. The cryptocurrency's price has seen fluctuations, reaching $64,740 and bouncing 8% from a recent low, leading to significant liquidations in futures positions. Despite this, long-term holders and miners are still enjoying substantial gains, while facing increased competition for resources due to the AI boom.