Memecoin

Bitcoin

Impact

April

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin’s price increase post-halving may take two to three months to fully impact the market, analysts predict.</li>
 <li>Analysts foresee a potential short squeeze in the altcoin and memecoin market in the near future.</li>
</ul>
<p>Following the fourth halving of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> on April 19, its spot price has seen an 8% increase.</p>
<h2 id="bitcoin-s-post-halving-dynamics">Bitcoin’s Post-Halving Dynamics</h2>
<p>Analysts from QCP Capital speculate that the full effect of Bitcoin’s halving supply constraint may not be felt for another two to three months. Previous halvings have seen the spot price increase significantly 50-100 days after the event. If this pattern repeats, there’s still time for Bitcoin enthusiasts to build a larger long position.</p>
<p>Analysts from Bitfinex suggest that the reduced daily issuance rate of Bitcoin post-halving is stabilizing the price and could potentially drive further price appreciation. They estimate that the post-halving daily supply will add between $30 to $40 million worth of Bitcoin per day, a stark contrast to the $150 million average daily net inflow from spot Bitcoin ETFs. This significant supply-demand imbalance could potentially drive further price appreciation. However, they caution that the digital asset will need to navigate geopolitical uncertainties.</p>
<h2 id="altcoin-and-memecoin-market-predictions">Altcoin and Memecoin Market Predictions</h2>
<p>Analysts from QCP Capital also predict a short-term short squeeze in the altcoin and memecoin markets. This is due to persistent negative funding in these markets, with some as deep as -100%.</p>
<p>According to data from Coingecko, the memecoin market cap is $55.7 billion, showing a 1% increase in the past 24 hours. However, leading memecoins like dogecoin, shiba inu and dogwifhat have seen decreases of 1.6%, 2.6% and 2.1% respectively in the past 24 hours.</p>

Analysts Predict Two-Month Delay for Bitcoin Halving’s Bullish Impact

Tabla de contenidos

crypto.ro global

Otros artículos publicados el 23 abr 2024

Avalanche (AVAX) Investors Hint at Upcoming 20% Price Rally – Here’s Why

Robert F. Kennedy Jr. Proposes US Budget on Blockchain

Telegram introduces free USDt transfers, passcode security, and direct NFT transfers

Expert’s Top 5 Altcoins for Post-Bitcoin (BTC) Halving Gains: MERL, Tensor(TNSR), & More Insights

Ethereum Price Prediction: Will ETH Reach $10,000 Soon?

Bitcoin Spot ETF LIVE TICKER: Countdown to Bitcoin ETF Approval

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!