,Bitcoin's price has dipped below 60k from 67k to 62.5k post-halving, despite experts estimating the average mining cost at around $53,000 per BTC.
This volatility may be affecting small traders with limited investments, leading to panic selling even with minor price drops of 2 to 5 percent.
While the current trend is defying market expectations, the scarcity of Bitcoin suggests a potential upward movement in the long term.
Bears seem to be dominating the market since the halving, but bullish sentiments persist for the future.
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