First Mover Americas: Bitcoin Price Bounces as Halving Nears

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Ether also rose, rising 4% to $3,000. According to Laurent Kssis, a crypto ETP specialist at CEC Capital, the uptick for bitcoin will continue for U.S. markets and then readjust and push back to earlier levels. Bitcoin reached a weekly low of $58,800 this week and is currently approaching the $65,000 mark. The halving is predicted to take placeUTC. The quadrennial event slows the rate of growth in bitcoin supply by 50%.

So, while GBTC outflows may not be a cause for concern, the recent slower inflows into other ETFs might be."We can confirm Kraken has recently purchased TradeStation's crypto business," a Kraken spokesperson said via email."The transaction is part of our efforts to accelerate our U.S. presence and will unlock further growth and new product opportunities for Kraken in the U.S." The company declined to disclose the amount paid.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Mover Americas: Bitcoin ETNs to Debut on LSELyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Read more »

First Mover Americas: Bitcoin Drops to $65K to Start the MonthLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Read more »

First Mover Americas: Hong Kong Spot Bitcoin ETF Applicants Claim ApprovalLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Read more »

First Mover Americas: BTC Holds Stable at $70KLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Read more »

First Mover Americas: Crypto Market Volatility Heats UpLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Read more »

First Mover Americas: Fantom’s FTM Outperforms Market Ahead of UpgradeLyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.
Read more »