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International Business Times
International Business Times
Business
Marvie Basilan

FUD On The Rise On X As Bitcoin Retreats To $62K

Is Bitcoin losing steam after its April halving? That's what some crypto users think. (Credit: QuoteInspector.com/flickr)

There is growing fear, uncertainty, and doubt (FUD) among Bitcoin holders on X (formerly Twitter) as the world's largest cryptocurrency by market cap struggles to reach $65,000 several weeks after the halving.

Bitcoin hit a new all-time high in March, with the digital currency passing $73,000. However, it has since plummeted after the halving event – wherein BTC mining rewards were split in half, effectively reducing the circulation of new Bitcoins.

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