Bitcoin's Halving Spurs Scarcity and Value Surge Amid Meme Coin Craze
April 23, 2024Bitcoin's recent halving event has increased its scarcity, potentially boosting its value over time.
The new protocol Runes has generated over $80 million in miner fees, raising Bitcoin transaction costs.
Meme coin trading is intensifying, with Ethereum and Solana emerging as key players in this niche market.
Morgan Stanley is exploring Bitcoin exposure, potentially across 14 funds, signaling growing institutional interest.
Technical indicators suggest a bullish trend for Bitcoin, but investors are cautioned to consider inherent market risks.
Summary based on 197 sources
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Sources
Forbes • Apr 22, 2024
Bitcoin Halving Event 2024: Not With A Bang, But A WhimperYahoo Finance • Apr 22, 2024
Second Week of Crypto Fund Outflows Shows Appetite Ebbs for ETFsYahoo Finance • Apr 22, 2024
Bitcoin Miners Have Raked in Abnormal Transaction Fees Since Halving: Bernstein