Crypto Headlines Of The Week: Bitcoin, Binance, & Pre-Halving Corrections Ignite Frenzy

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.

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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.

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