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

19 Apr, 2024 Updated 23 Jun, 2025

By David Pokima

Crypto Journalist

Expertise : Finance/Crypto Journalist

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights 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.

Crypto Assets March Uphill

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.

Bitcoin is up 3.89% and has flipped monthly flows to a 3.71% gain despite its weekly position in the red zone. Ethereum (ETH) 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.

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.

Why The Reversal?

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 CryptoQuant show reduced selling pressure by Bitcoin miners.

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.

However, a report by JP Morgan projects reduced value in crypto assets after the Bitcoin halving.

Also Read: Top 4 Cryptocurrencies To Buy After Bitcoin Halving

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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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.