Bitcoin recovered slightly as its halving event approaches, adding 5% over 24 hours. Ether also rose, rising 4% to $3,000. According to Laurent Kssis, a crypto ETP specialist at CEC Capital, the uptick for bitcoin will continue for U.S. markets and then readjust and push back to earlier levels. Bitcoin reached a weekly low of $58,800 this week and is currently approaching the $65,000 mark. The halving is predicted to take place late Friday or early Saturday UTC. The quadrennial event slows the rate of growth in bitcoin supply by 50%. Altcoins also gained, with dogwifhat (WIF) jumping 18%, Ethena Labs’ ENA 16% and Sei Networks’ SEI by 14%.

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