Bitcoin Faces Selling Pressure as Halving Approaches; Ether, Solana, and Dogecoin Register Larger Drops

Bitcoin faced selling pressure on Tuesday as its reward halving approaches, with the cryptocurrency falling 5.7% to $65,742. The halving event, which is expected on 21 April, reduces the pace of BTC production by 50%. Some analysts believe that the market has already priced in the event, limiting any major reaction. The broader crypto market also saw losses, with Ether, Solana's SOL and Dogecoin registering larger drops.