Bitcoin Price Surges Back Toward All-Time High Ahead of Major Halving Event
• Bitcoin price surges back above $70,000, nearing its all-time high, after a week-long downturn • Price spike comes less than 25 days before the next Bitcoin "halving" event • Halving refers to the reward for Bitcoin miners being cut in half, every 4 years • Investors hope halving will cause Bitcoin price to double or quadruple • Experts advise caution about expectations, citing past performance not guaranteeing future results