Bitcoin's brutal weekend

Crypto prices collapsed across the board this weekend. Can Bitcoin halving hype bring them back to life?

Author

Andrew Hayward
April 15, 2024

Welcome to the Daily Dispatch from Decrypt. This is Andrew bringing you your daily news dose. Catch the latest from across our Hubs here!

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šŸ“ What you need to know

Hope you had your head out of the markets this weekend, because it was a bloodbath across the board. After starting Friday around $70,000, Bitcoin plunged below $63,000 on Saturday amid geopolitical tensionsā€”and nearly the entire market followed suit. Prices started rebounding early Monday, but have slipped again. Weā€™ll see if the Bitcoin halving, still slated for Saturday, helps zap this funk.

šŸ“° Top Stories

Bitcoin Price Bounces Back to $66,000 Following Weekend Crash

Crypto markets are staging a mini-recovery after simmering geopolitical tensions drove investors towards safe haven assets over the weekend.

decrypt.co/226460/bitcoin-price-bounces-back-to-66000-following-weekend-crash

Spot Bitcoin, Ethereum ETFs Approved in Hong Kong

The news comes just months after the U.S. Securities and Exchange Commission granted approval to multiple spot Bitcoin ETF applications.

decrypt.co/226462/spot-bitcoin-ethereum-etfs-approved-in-hong-kong

Ethereum Funds Notch Fifth Week of Lossesā€”Will Hong Kong ETFs Snap the Streak?

Falling spot ETF approval odds and rising geopolitical risks are fueling flight from Ethereum-based funds, now for a fifth straight week.

decrypt.co/226478/ethereum-funds-notch-fifth-week-losses-hong-kong-etfs

Satoshi-Era Bitcoin Worth Millions Just Moved After 14 Years of Inactivity

A wallet holding a stash of Bitcoin mined in 2010 just moved it for the first time after 14 years. How much has it gained in value?

decrypt.co/226497/satoshi-era-bitcoin-worth-millions-moved-after-14-years

From Our Partner

QuickNode Streams

Streams is a groundbreaking service unveiled by QuickNode, aimed at simplifying the integration and management of blockchain data for developers and enterprises. By linking more than 17 chains and vital datasets to various destinations such as webhooks and S3 storage, Streams is paving the way for hassle-free blockchain data ETL (Extract, Transform, Load) processes.

šŸ’¬ Quote of the Day

ā

ā€œDaily prices are driven by momentum, and that momentum is leaving Ethereum. There's a lot of good news on traffic, fees, and utility on Ethereum, but 2024 has been all about the ETFs.ā€

ā€”3IQ Head of Research Mark Connors

šŸŒ From Our Hubs

šŸŽ® GG: Play Games, Earn Bitcoin: The Best iOS and Android Games That Pay You BTC

You can stack up satoshis while playing Bitcoin games on iOS and Androidā€”and these ones are actually fun, thankfully.

decrypt.co/226248/play-games-earn-bitcoin-best-ios-android-games-pay-btc

šŸ¤– EMERGE: AI or Human? Music Fans Wonā€™t Care, Says Avenged Sevenfold Frontman

For musicians, AI is a ā€œdeeper toolā€ that can help stimulate creativity, said Avenged Sevenfoldā€™s Matt Sanders (aka M. Shadows).

decrypt.co/226059/ai-human-music-fans-wont-care-avenged-sevenfold-frontman

šŸ–¼ļø SCENE: Adidas Releasing $2,500 Solana NFT Sneakers in Move-to-Earn Game 'Stepn'

Sportswear giant Adidas has partnered with move-to-earn game Stepn to release some pricey virtual running sneakers as Solana NFTs.

decrypt.co/226477/adidas-2500-solana-nft-sneakers-stepn-game

šŸ“š Dive Deeper

šŸŽ“LEARN: How to Set Up a Bitcoin Node: A Guide for Beginners

As the halving cuts miner rewards in half, there are other ways to participate in the Bitcoin network. Here are the simplest ways to connect your PC.

šŸ“¹ WATCH: NASAā€™s Next Deep Space Mission Wonā€™t Use Artificial Intelligence

Decrypt Media visited NASA's Jet Propulsion Laboratory in Pasadena, CA to meet with the Engineering team behind the Europa Clipper before its launch to Jupiter's Europa moon in October.

decrypt.co/videos/interviews/0WGP33Rp/nasas-next-deep-space-mission-wont-use-artificial-intelligence