Bitcoin Eyes $67K After Halving as Altcoins Primed for Short Squeeze, Hedge Fund Says
Crypto-focused stocks also bounced higher, led by bitcoin miners Riot Platforms and Hut 8.
Markets
NYSE Asks Market Participants About 24/7 Trading for Stocks
The New York Stock Exchange has asked market participants to weigh in on its proposal to operate 24 hours a day, the same schedule that cryptocurrencies operate on, the Financial Times reported.
Polymarket Odds Say Columbia University President Will Keep Job
Continuing pro-Palestine protests won’t lead to Minouche Shafik having a fate similar to Claudine Gay, who was recently forced to resign as Harvard’s president, the prediction market signals. Plus: Kalshi bettors don’t think Taylor Swift will break her record.
Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark
The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said in a research report on Monday.
First Mover Americas: Bitcoin Layer 2s Have Their Moment
The latest price moves in bitcoin (BTC) and crypto markets in context for April 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Miners Have Raked in Abnormal Transaction Fees Since Halving: Bernstein
The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said.
Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens
Leonidas’s DOG•GO•TO•THE•MOON token secured a coveted satoshi during the fourth Bitcoin halving. (DOG•GO•TO•THE•MOON)
Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving
BTC chart (CoinDesk data)
Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound
Large bitcoin investors substantially increased their holdings as prices dipped below $60,000 in early Friday’s panicky action on the crypto markets ahead of the asset’s much-anticipated halving event.
Crypto Markets Will Be Driven by Macro Factors Following the Halving, Coinbase Says
These influences include rising geopolitical tensions, higher interest rates for longer, reflation and ballooning national debts, the report said.