The cryptocurrency rally came to a sudden halt in April after a robust 2023 and first quarter. The first quarter saw Bitcoin (CRYPTO: BTC), the world’s most popular cryptocurrency, hitting an all-time high of $73,750. However, Bitcoin has since retreated sharply, with its price hovering around $68,000 on May 23. In fact, Bitcoin has fallen 15% since hitting an all-time high on Mar 14. One of the major reasons behind the decline is the recently concluded halving event, which takes place once in four years. The halving event cuts the block reward by half, aiming to limit Bitcoin’s total supply t…