Crypto

The Bitcoin Halving event, occurring every four years, reduces the number of new bitcoins created, leading to a potential price surge due to increased demand and limited supply. However, experts warn of potential volatility in the market following the event, with predictions of price drops and bounces before the market stabilizes.

Large investors, known as "whales," significantly increased their Bitcoin holdings during the recent market dip, adding over $1.2 billion worth of BTC to their portfolios. This move suggests a potential shift in market sentiment, with whales taking advantage of lower prices to accumulate more Bitcoin.

Bitcoin has seen a 1.5% increase following the fourth BTC/USD halving event, which reduces miner rewards from 6.25 to 3.125 BTC per block. This programmed process is designed to manage scarcity and control the inflationary supply of Bitcoin, with predictions of long-term price growth from prominent figures like Tim Draper.

Five Australians were among 37 individuals arrested in a global phishing scam that targeted tens of thousands of people, including 94,000 Australians. The scam involved 10,000 cybercriminals who used the platform LabHost to trick victims into providing their personal information, such as online banking logins, credit card details, and passwords.

Jim Cramer, host of "Mad Money," discouraged viewers from investing in Marathon Digital Holdings Inc. and instead recommended considering Bitcoin or Ethereum due to the volatility in the cryptocurrency market. Wall Street experts remain confident in the continuation of the bull market, with Cramer advising caution in buying and selling decisions amidst current market conditions.