Bitcoin Price Volatility Increases Ahead of Major Halving Event While Crypto Sentiment Sours
• Bitcoin price is volatile ahead of upcoming "halving" event which will cut mining rate in half around April 19 • Bitcoin jumped after Hong Kong approved spot Bitcoin ETFs, but soon declined over 4% to under $63,000 • Sentiment has spread across crypto market with Ether down over 4% and Solana down 12% in past 24 hours • Bitcoin ETFs that had been driving price up now seeing massive outflows, except for BlackRock's iShares Bitcoin Trust • Bitcoin volatility expected to continue in lead up to halving with bearish price predictions emerging