The Fear and grieve of Halving…

-- As bitcoin approaches its "'halving" -- a planned adjustment in the number of coins in circulation -- around Saturday, the cryptocurrency market is bracing for volatility amid a 50% jump in prices since the end of last year.

Since reaching an all-time high of around $73,000 in mid-March, bitcoin prices have continued to be volatile within a high range. As of Wednesday morning New York time, prices had fallen below $61,000.

One factor behind the price increase since the beginning of the year is the fact that the price of bitcoin tends to rise after a halving.