In the second quarter of 2024, Bitcoin's value experienced a notable downturn, plummeting by 14.9%. The cryptocurrency began the quarter at a price of $71,000, but its value has since decreased to $60,800. Interestingly, Bitcoin reached an all-time high of $73,500 in March, but was unable to sustain this momentum. Ethereum fared slightly better, with a modest decline of 3.1%. However, other alternative cryptocurrencies suffered more substantial losses, with Solana tumbling by 30%, Ripple falling by 23%, and Dogecoin experiencing a staggering 42% decline. The Bitcoin halving event in April, which reduced the issuance rate from 1.7% to 0.85%, likely played a role in the price drop.