It remains on an upward trajectory bitcoinkeeping the profits he made during his halving. The fourth halving went smoothly over the weekend, with miners’ rewards being cut in half. At the time the halving was completed, bitcoin was hovering around $65,000, showing little volatility after successive roller coasters, most recently the one caused by Israel’s attack on Iran. Just after 10:00 a.m. Monday (4/22), bitcoin is trading at $66,274.44, up 2.43%. The capitalization of bitcoin is marginally above 1.3 trillion. dollars, with its dominance over alts standing at 50.8%.
Top US banks are warning that a bearish cycle is coming to bitcoin in the near term, urging investors to be extra cautious in their next moves as profiteering lurks as a result of widespread optimism that BTC will rally significantly after the halving catalyst. On the contrary, however, the devotees of the “launch” of the cryptocurrency to new historical highs, rely on the fact that even in a moderate forecast for the “post halving” period, the “king of crypto” could reach 130,000 dollars by in April 2025.
Green dominates the altcoin board, with ethereum gaining 2.14% to $3,216.46, while XRP is up $0.54 with gains of 2.39%. At 85.42 dollars liteCoin and an increase of 1.84%. Binance’s native token recorded a daily gain of 4.29%, surpassing $600, with the current trading price at $604. Solana and cardano at $155 and $0.51 respectively. In the last 24 hours, the crypto market has added over $50 billion to its total market capitalization, which is just under $2.5 trillion. dollars.
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