Bitcoin Price Volatility: From $65K to Below $60K in 24 Hours Due to Middle East Tensions

Less than 24 hours before the Bitcoin halving, the cryptocurrency's price dipped below $60,000 for the first time since late February, extending its weekly dive to nearly 14% and falling 18% from its all-time high a month ago. The sudden dip, attributed to geopolitical conflict and a supply crunch, saw Bitcoin's price rebound slightly to $60,945, while other top coins like Ethereum and Solana also experienced substantial dips before starting to rebound. The downslide may dampen excitement around the halving event, which typically leads to a rise in Bitcoin's price.