Bitcoin Bounces Back: Halving Effects To Manifest in 100 Days

The leading digital asset has demonstrated resilience, posting a gain of around 2.4% in the past 24 hours following a period of bitcoin price drop, with its value reaching $66,000. This upward movement comes as global equities also show signs of recovery, caused by uncertainty sparked by fears of escalating conflict in the Middle East.

AndrĂ© Dragosch, the Head of Research at ETC Group, noted a significant shift last week in the global digital asset hedge fund beta, along with a dominance of bitcoin long futures liquidations. However, he emphasized that the digital asset has rebounded from the losses experienced due to geopolitical tensions, particularly in light of the recent bitcoin…

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