Ahead of the bitcoin halving event, the price of the most popular crypto token touched $70,600 in the global crypto exchanges, surging 4.5 per cent in the past 24 hours.
If historical patterns are to be followed, the prices of BTC might not undergo a significant surge before two months post halving. However, Bitcoin has already defied that by reaching its all time high before the halving, for the first time ever, Rajagopal Menon, VP, WazirX, told Livemint.
As we look back on Bitcoin's performance in FY24 and look ahead FY25, the optimism surrounding this digital asset remains high, Sumit Gupta, co-founder, CoinDCX, told Livemint.