Bitcoin Halving Sparks Rally: Blackrock's ETFs and Meme Coins Surge
April 21, 2024The 2024 Bitcoin halving has sparked increased transactions and adoption, boosted by Blackrock's introduction of Bitcoin ETFs.
Despite a minor loss of 1% expected to close the halving week, inflows into spot Bitcoin exchange-traded funds remain strong.
Altcoins such as Bitcoin Cash (BCH), Ethereum Classic (ETC), and Dogwifhat (WIF) may experience growth following the Bitcoin halving.
Meme coins, specifically those with canine themes like BONK and FLOKI, have experienced significant price gains post-halving.
Bitcoin's value rose modestly to just below $65,000, with AI predictions suggesting a potential climb to between $100,000 and $400,000.
Currently, Bitcoin is priced at $64,619, with technical indicators suggesting neutrality and a key resistance level at $65,000 to watch for possible further increases.
Investors are reminded to conduct thorough research and seek professional advice before engaging in financial decisions.
Summary based on 62 sources
Get a daily email with more AI stories
Sources
Forbes • Apr 21, 2024
Bitcoin Halving 2024: Not With A Bang, But A WhimperForbes • Apr 21, 2024
Bitcoin Halving Triggers ‘Unprecedented’ Crypto ‘Chaos’ As Price Suddenly SurgesYahoo Finance • Apr 20, 2024
Bitcoin’s price stable after fourth ‘halving’. Here’s what investors need to know.Fortune • Apr 20, 2024
Bitcoin's latest halving is now complete. Here's what could happen next