Bitcoin's Halving Spurs Scarcity and Value Surge Amid Meme Coin Craze

April 23, 2024
Bitcoin's Halving Spurs Scarcity and Value Surge Amid Meme Coin Craze
  • Bitcoin'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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