Global #btc

With just 100 blocks remaining before the incentive for mining the flagship decentralized finance (DeFi) asset is cut in half, the Bitcoin (BTC) halving, one of the most significant events in the cryptocurrency sector, is rapidly approaching. The excitement in the cryptocurrency world is growing.

As the price of Bitcoin dropped below $63,000 earlier this week, ardent Bitcoin holders contributed a record $1.7 billion worth of BTC to "accumulation" wallet addresses in a single day.

In the past seven days, Pepe (PEPE) holders have seen a 24% decrease in their bags as meme coins have suffered some of the worst losses during a market-wide decline.

Bitcoin (BTC) is currently trading marginally above $64,000, having challenged it throughout the most of the morning's trading in Asia.

Bitcoin's price has dropped in anticipation of its April 20 halving and the Fed's anticipated rate-cut pause in May as the US dollar gains momentum.

Depending on a number of variables, including tokenomics, value proposition, and overall contribution to financial independence, altcoins may respond to the Bitcoin halving differently.