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Bitcoin slips to $62,000

Bitcoin slips to $62,000

Bitcoin's downward momentum continued in the face of geopolitical turmoil and a strong dollar.

Stephen Graves
April 16, 2024

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📝 What you need to know

The weekend’s crypto carnage shows no signs of letting up, as Bitcoin plunged below $62,000 ahead of its anticipated block reward halving event. Rising geopolitical tensions, coupled with a strong dollar, appear to have exacerbated pre-halving volatility. Elsewhere, Solana rolled out an update that promises to be the first of several fixes for the network’s congestion issues.

📰 Top Stories

Bitcoin Price Slips Below $62,000 as Pre-Halving Momentum Stalls

The price of Bitcoin plunged overnight amid mounting geopolitical tensions and a strong dollar, coupled with pre-halving volatility.

OKX Launches Ethereum Layer-2 Network in Challenge to Coinbase's Base

A layer-2 Ethereum scaling network built by OKX has launched mainnet, paving the way for new users with the Polygon-based AggLayer.

Solana Update Brings First Fixes for Congestion Issues

After weeks of failed transactions, Solana might be turning a corner with the launch of a first update for mainnet validators.

What Is the Bitcoin Halving and Why Should You Care?

Everyone is talking about Bitcoin's halving due to take place this week—but should ordinary investors even care?

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💬 Quote of the Day

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If Treasury wishes to regulate American citizens’ use of open-source software code like Tornado Cash, it must seek authority from Congress.

– Coinbase chief legal officer Paul Grewal

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📚 Dive Deeper

🎓LEARN: Bitcoin Halving 101: What it Means for Miners and Investors

Earn a free on-chain NFT by taking our course exploring the upcoming Bitcoin halving, and what effect it will have on Bitcoin miners and investors.

📹 WATCH: Gold Beats Its All Time High

Bitcoin (BTC) maintains its trend of reaching higher lows amidst choppy market conditions, while recent filings reveal increased Bitcoin purchases by banks.