Ethereum

Solana

Bitcoin

Gains

Crypto assets have picked up the pace in the past 24 hours before the Bitcoin halving after two weeks in the doldrums. The sell-off was sparked by reduced investor sentiment as a result of geopolitical tensions, Bitcoin miner movements, and economic trends.&nbsp;
At press time, the cryptocurrency market capitalization stands at $2.35 trillion with a daily trading volume of $112 billion, a 2.5% increase in the last 24 hours. Many commentators view the upcoming <a href="https://coingape.com/blog/bitcoin-halving-2024-5-myths-facts-and-the-path-forward-revealed/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin halving</a> to ignite the next market’s bull run.&nbsp;
<h2 id="span-style-font-weight-400-strong-crypto-assets-march-uphill-strong-span">Crypto Assets March Uphill&nbsp;</h2>
Gains in crypto assets can be seen in Bitcoin, altcoins, and memecoin prices following a sharp market recovery. Bitcoin trades at $65,167 after trading below $62,000 lowering interest in the wider market.&nbsp;
<img decoding="async" class="aligncenter size-full wp-image-192495" src="https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-7.jpeg" alt="" width="1200" height="800" srcset="https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-7.jpeg 1200w, https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-7-300x200.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-7-768x512.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-7-150x100.jpeg 150w, https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-7-272x182.jpeg 272w" sizes="(max-width: 1200px) 100vw, 1200px">
Bitcoin is up 3.89% and has flipped monthly flows to a 3.71% gain despite its weekly position in the red zone. Ethereum (<a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/ethereum/" target="_blank">ETH</a>) ticked up 1.82% and trades at $3,107. The leading altcoin posted a large outflow after going above $4,000. These recent movements came as its investment products saw sharp outflows in the last seven days.&nbsp;
Ethereum’s weekly losses are still high at 12% while monthly exits drop to 4.2%. Solana (SOL) popularly described as an institutional investor favorite asset trades at $145, an 8% rise in the last 24 hours. Although previous losses are still high, the asset is among the few to outpace the market today.&nbsp;
<h2 id="strong-why-the-reversal-strong">Why The Reversal?&nbsp;</h2>
Most crypto assets have ignited a run today with some moving above 10%. As investor sentiment ticks, analysts point to the effect of the Bitcoin halving on crypto assets. Recent data from <a href="https://coingape.com/bitcoin-halving-miners-reduce-selling-pressure-as-profit-expectations-rise/" target="_blank" rel="noopener noreferrer nofollow">CryptoQuant</a> show reduced selling pressure by Bitcoin miners.&nbsp;
This means miners likely made their pre-halving positioning months ago leading to the drop. Reduced asset flow by miners and whales to exchanges is a bullish factor for crypto assets. The general halving anticipation and recent accumulation is another reason for the upturn in prices.&nbsp;
However, a report by JP Morgan projects reduced value in crypto assets after the Bitcoin halving.&nbsp;
Also Read:<a href="https://coingape.com/trending/top-4-cryptocurrencies-to-buy-after-bitcoin-halving/" target="_blank" rel="noopener noreferrer nofollow"> Top 4 Cryptocurrencies To Buy After Bitcoin Halving </a>
The post <a href="https://coingape.com/trending/crypto-assets-recover-hours-to-bitcoin-halving-heres-why/" rel="noopener noreferrer nofollow">Crypto Assets Recover Hours To Bitcoin Halving: Here’s Why</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Assets Recover Hours To Bitcoin Halving: Here’s Why

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