{"id":286160,"date":"2024-04-19T19:53:02","date_gmt":"2024-04-19T14:23:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/crypto-assets-recover-hours-to-bitcoin-halving-heres-why-crypto-news\/"},"modified":"2024-04-19T19:53:07","modified_gmt":"2024-04-19T14:23:07","slug":"crypto-assets-recover-hours-to-bitcoin-halving-heres-why-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-assets-recover-hours-to-bitcoin-halving-heres-why-crypto-news\/","title":{"rendered":"Crypto Assets Recover Hours To Bitcoin Halving: Here\u2019s Why – Crypto News"},"content":{"rendered":"

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Crypto assets have picked up the pace in the past 24 hours before the Bitcoin halving after two weeks in the doldrums. The sell-off was sparked by reduced investor sentiment as a result of geopolitical tensions, Bitcoin miner movements, and economic trends.\u00a0<\/span><\/p>\n

At press time, the cryptocurrency market capitalization stands at $2.35 trillion with a daily trading volume of $112 billion, a 2.5% increase in the last 24 hours. Many commentators view the upcoming <\/span>Bitcoin halving<\/span><\/a> to ignite the next market\u2019s bull run.\u00a0<\/span><\/p>\n

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Crypto Assets March Uphill<\/strong>\u00a0<\/span><\/h2>\n

Gains in crypto assets can be seen in Bitcoin, altcoins, and memecoin prices following a sharp market recovery. Bitcoin trades at $65,167 after trading below $62,000 lowering interest in the wider market.\u00a0<\/span><\/p>\n

Bitcoin is up 3.89% and has flipped monthly flows to a 3.71% gain despite its weekly position in the red zone. Ethereum (<\/span>ETH<\/span><\/a>) ticked up 1.82% and trades at $3,107. The leading altcoin posted a large outflow after going above $4,000. These recent movements came as its investment products saw sharp outflows in the last seven days.\u00a0<\/span><\/p>\n

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Ethereum\u2019s weekly losses are still high at 12% while monthly exits drop to 4.2%. Solana (SOL) popularly described as an institutional investor favorite asset trades at $145, an 8% rise in the last 24 hours. Although previous losses are still high, the asset is among the few to outpace the market today.\u00a0<\/span><\/p>\n

Why The Reversal?\u00a0<\/strong><\/h2>\n

Most crypto assets have ignited a run today with some moving above 10%. As investor sentiment ticks, analysts point to the effect of the Bitcoin halving on crypto assets. Recent data from <\/span>CryptoQuant<\/span><\/a> show reduced selling pressure by Bitcoin miners.\u00a0<\/span><\/p>\n

This means miners likely made their pre-halving positioning months ago leading to the drop. Reduced asset flow by miners and whales to exchanges is a bullish factor for crypto assets. The general halving anticipation and recent accumulation is another reason for the upturn in prices.\u00a0<\/span><\/p>\n

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However, a report by JP Morgan projects reduced value in crypto assets after the Bitcoin halving.\u00a0<\/span><\/p>\n

Also Read:<\/b> Top 4 Cryptocurrencies To Buy After Bitcoin Halving <\/span><\/a><\/p>\n

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