Bitcoin reclaims $67K—briefly

BTC reaches a post-halving high even as Game Stop giddiness subsides.

Author

Ryan Ozawa
May 18, 2024

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📝 What you need to know

The price of Bitcoin absolutely did not skyrocket following the halving, as some had hoped. But during the week that Roaring Kitty—a.k.a. Keith Gill—seems to have returned and sparked a meme coin and meme stock rush, BTC hit its highest price since mining rewards were slashed on April 19. It popped above $67K overnight and is now trading at $66,939, up nearly 10% over seven days.

Dubbed the “Nihilist’s Warren Buffett,” Roaring Kitty posts turned decidedly darker yesterday when GameStop cited “social media” in announcing a plan to sell 45 million shares—tanking the price of GME.

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💬 Quote of the Day

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“I will hold these coins until they turn to $680 million,
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Pavel Durov, Telegram Founder

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