🌙 Bitcoin Halving Day 🥳

Experts remain divided on whether the market has priced in the upcoming reduction in Bitcoin supply. Historical precedents suggest a price increase, yet this halving’s unique circumstances may challenge old assumptions​​.

Author

Mike Gavela
April 19, 2024

Crypto Roundup - Apr 19

The upcoming Bitcoin halving event is stirring significant debate among experts, who are split on whether the market has already priced in the anticipated reduction of Bitcoin supply. This halving is distinct from its predecessors, as it not only precedes a major price rally—a shift from previous cycles where significant price increases occurred post-halving—but also occurs amidst greater integration of Bitcoin into financial products and heightened institutional interest. These factors may disrupt traditional expectations based on past events. Concurrently, Tether is broadening its horizons by extending its USDT and XAUT stablecoins to the TON network, potentially increasing their liquidity and appeal in a diversifying blockchain ecosystem​​.

Top Stories:

  • Bitcoin Halving Approaches: Experts remain divided on whether the market has priced in the upcoming reduction in Bitcoin supply. Historical precedents suggest a price increase, yet this halving’s unique circumstances may challenge old assumptions​​.

  • Pre-Halving Price Surge: Contrary to previous cycles, Bitcoin has exhibited significant price increases before the halving event. This shift might affect post-halving market dynamics and investor strategies​.

  • Tether Expands on TON Network: In a notable expansion, Tether plans to support USDT and XAUT stablecoins on the TON network, enhancing its interoperability and potential for wider adoption in the digital economy​​.

TOP STORIES

This Bitcoin Halving Is Different. But Is It 'Priced In'?

Institutions launching bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the four-year slashing of the bitcoin reward — could be relatively muted?

www.coindesk.com/consensus-magazine/2024/04/18/this-bitcoin-halving-is-different-but-is-it-priced-in

Bitcoin Runes Launch at the Halving: Here's Everything You Need to Know - Decrypt

The creator of Bitcoin’s Ordinals protocol is debuting a new fungible token standard to rival BRC-20. Here’s what you need to know.

decrypt.co/221962/bitcoin-runes-launch-at-the-halving-heres-everything-you-need-to-know

Tether Seeks to Boost Peer-to-Peer Payments on Telegram by Expanding Dollar, Gold Stablecoins to TON Network

The TON network has seen rapid growth recently helped by incentives for onboarding Telegram users.

www.coindesk.com/business/2024/04/19/tether-is-expanding-its-usdt-xaut-stablecoins-to-ton-network-transparency-page-shows

FUNDRAISES

OTHER HEADLINES

Google Searches for 'Bitcoin Halving' Get Higher Than 4/20

One of the closely watched indicators of retail interest is booming.

www.coindesk.com/consensus-magazine/2024/04/19/google-searches-for-bitcoin-halving-get-higher-than-420

Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound

IntoTheBlock data shows that the largest bitcoin investors added nearly 20,000 BTC to their holdings as the top crypto briefly buckled below $60,000 on fears of military escalation between Iran and Israel.

www.coindesk.com/markets/2024/04/19/bitcoin-whales-bought-12b-btc-amid-the-price-dip-fueling-the-quick-rebound

Hong Kong’s Bitcoin and Ether ETFs will test Chinese restrictions on crypto investing with billions at stake

In this week's Asia Dispatch, we unpack the ins and outs of Hong Kong's ETF plans for mainland China.

www.dlnews.com/articles/markets/how-chinese-investors-tap-hong-kong-bitcoin-and-ether-etfs

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