Bitcoin’s (BTC) market value has remained unchanged over the past week, despite the asset’s price swings before and after the halving.
BTC had undergone a noteworthy 92 per cent price rally in the leadup to the halving. Market value reached US$10,000 ($15,572), a significant value for BTC, the Friday before prices began to fall.
Market value dropped $2,800 in the lead up to the halving, from $15,444 to $12,644.
The most substantial price plummet of 8.31 per cent started Sunday morning during international trading hours. BTC regained some lost ground by jumping $1,564, to $14,841.59. The result is a total weekly loss of 2 per cent.