Daily Crypto News April 19: Bitcoin Halving is TODAY!
This week's crypto news centers around significant strides in asset tokenization and dramatic fluctuations in the cryptocurrency market, particularly surrounding Bitcoin's halving event. Hong Kong banks are pioneering the tokenization of real-world assets, indicating a growing interest in bridging traditional finance with blockchain technology.
Similarly, a major Japanese banking giant has introduced a new passive income service using the cryptocurrency Shiba Inu, highlighting Asian financial institutions' increasing engagement with digital currencies. In market activity, the Korean Won has emerged as the most traded currency for cryptocurrency transactions, reflecting South Korea's robust involvement in the crypto space.
As Bitcoin approaches its halving, market responses have been sharply divided; JP Morgan analysts suggest that the potential price impact may already be priced in, yet Bitcoin's price has experienced dramatic swings, diving below $60,000 and then surging to $65,000 within 24 hours of the event. These intense fluctuations underscore the speculative nature and inherent uncertainty in cryptocurrency markets, particularly during pivotal events like halvings, which reduce the reward for mining new blocks and are expected to impact Bitcoin's supply and, potentially, its price.
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https://substack.com/@dcndailycryptonews
News Links 👇
https://beincrypto.com/hong-kong-bank-tokenization-real-world-assets/
https://www.theblock.co/post/288805/korean-won-most-traded-crypto
https://decrypt.co/227093/bitcoin-halving-btc-price-priced-in-jp-morgan
https://decrypt.co/227137/bitcoin-price-dives-below-60000-24-hours-halving
https://decrypt.co/227139/volatile-roller-coaster-btc-jumps-to-65k-ahead-of-todays-bitcoin-halving
https://decrypt.co/227071/bitcoin-halving-price-volatility-traders-analysts
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