Crypto Headlines Of The Week: Bitcoin, Binance, & Pre-Halving Corrections Ignite Frenzy
Highlights
- Crypto market optimistic as BTC halving approaches.
- Binance nabs global attention with its legal chronicles.
- Pre-halving price corrections kicked in, as BTC, ETH, XRP, and many others bore the brunt in prices.
Another week ends with noteworthy developments witnessed within the cryptocurrency landscape. Bitcoin, Binance, and pre-halving market corrections appear to have garnered considerable attention among crypto market traders and investors globally.
Some of the top headlines that nabbed significant attention this week are:
BTC Halving Nears
Bitcoin, the flagship crypto, fueled a sense of immense frenzy among crypto investors this week as it noted strong corrections in the market. CoinMarketCap’s data spotlighted a dip as low as $64K for BTC this week, resulting from the token’s pre-halving corrections. BTC price currently rests at $69,339, with the token regaining an upward momentum as the halving approaches.
Intriguingly, with the BTC halving coming in early as expected, on April 18, the broader industry raised concerns over a turbulent market this week. Amid this, leading crypto analyst Markus Thielen spotlighted a plethora of reasons for BTC’s weekly dip, attributing it to a historical pre-halving drop, US Fed interest rate cut expectations, and on-chain data.
Binance Sparks Speculations
On the other hand, Binance, the world’s leading crypto exchange, piqued significant interest this week, embarking upon a bounty of legal chronicles. The CEX reportedly tightened its safety measures this week, coming amid rising regulatory hurdles and challenges.
Meanwhile, executives of the leading crypto exchange faced legal tussles in Nigeria over money laundering and tax charges, pushing Binance to present a statement in its defense. Additionally, Binance, Binance.US, and former CEO Changpeng “CZ” Zhao have nearly concluded discovery and deposition requirements requested by the securities regulator U.S. SEC. Submitting a joint status report in the court, the abovementioned parties stated that they have no bumps on the road for adjudication.
Also Read: Dogecoin Core Dev Clears Up Grok AI RadioDoge Claims
Pre-halving Corrections Take The Crypto World By Storm
Whereas, amidst the abovementioned chronicles, the broader crypto market witnessed strong price corrections this week. Some of the most renowned cryptos, including BTC, ETH, XRP, DOGE, and SHIB, witnessed a notable retracement in prices. Market experts deem this to be an effect known as the “pre-halving” correction for BTC, while other altcoins appear to have mimicked this broader downtrend right as the halving approaches.
However, with the anticipation of the halving coming in early, the crypto industry braces for a prompt shift to a potential market bull run.
Also Read: Bitcoin Whale Buys $1 Billion Worth of Assets: Bullish Outlook?
- Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?
- White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC
- Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role
- Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms
- Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
