Hello there and how was your weekend?
Ours didn’t go as planned… especially with the halving having little effect on prices… it felt uneventful for something that was all over the headlines. However, the supply shock usually takes a few months to be priced in after the halving.
On the bright side, Runes launched, and miners made over $106m in fees… 5x what they made from previous halvings…
However, here is the price of Bitcoin at the time of the previous halving events versus the following year’s peak price of BTC:
November 28, 2012: $13 ➡️ $1,163
July 9, 2016: $664 ➡️ $19,666
May 11, 2020: $8,722 ➡️ $69,000
April 19, 2024: $65,506 ➡️ _______
Where do you think Bitcoin will be at the end of this peak?
If you want to take your trading more seriously this cycle, our friends at TheRationalInvestor.com are starting their next trading school semester soon.
They’ve trained thousands of students — and we hang out on YouTube a lot… we have another episode coming this Wednesday.
So, check out their program to see if it’s right for you.
Anyway, here’s what we bring you in today’s edition:
- Bitcoin Halving 2024 — Done and dusted
- Crypto Market Cap Skyrockets 64.5% In Q1, Spot Trading Hits Multi-Year Highs
- Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens
- U.S. Treasury wants to tighten crypto crime control
Bitcoin Halving 2024 — Done and dusted
Bitcoin has successfully gone through its fourth-ever halving event after posting its 840,000th block, the point at which mining rewards are slashed in half once again. The event has the crypto community eagerly awaiting what’s next for Bitcoin’s price, with some predictions reaching as high as $250,000.
Crypto Market Cap Skyrockets 64.5% In Q1, Spot Trading Hits Multi-Year Highs
Trading volumes on the top 10 centralized exchanges (CEXs) nearly doubled to $4.29 trillion in the first quarter of 2024 — the highest level since the last peak in the fourth quarter of 2021.
Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens
Despite this being the most anticipated Bitcoin halving yet, it was the launch of the high-profile Bitcoin builder Casey Rodamor’s latest creation — Runes — that turned heads, even among long-time blockchain developers who despise the digital tokens that can be minted on the platform.
U.S. Treasury wants to tighten crypto crime control
U.S. Deputy Treasury Secretary Adewale Adeyemo continued advocating for more enforcement powers for his agency in testimony before the Senate Banking Committee.
In a hearing on countering illicit finance, terrorism and sanctions evasion, Adeyemo outlined three proposed reforms to improve U.S. enforcement efforts against international bad actors using crypto
Other Highlights Worth Mentioning
Indian Man Pleads Guilty to Creating Spoofed Coinbase Website, Stealing $9.5M in Crypto — Finance.yahoo
Kraken launches self-custodial mobile wallet and releases its open-source code — The Block
Worldcoin Reveals Ethereum Chain Where ‘Verified Humans Get Priority’ — Decrypt
Binance Awarded Full Virtual Asset Service Provider License In Dubai — Coinmarketcap
