Crypto prices gain to start the week following first Bitcoin halving since 2020
Publishing timestamp: 2024-04-22 10:11:01
Summary
Bitcoin rose slightly after its fourth halving, reducing incentives for miners. Shares of public cryptocurrency miners also rose premarket. JPMorgan sees near-term downside risk in bitcoin, but large mining operations are prepared. Smaller operations may be forced offline, creating M&A opportunities. JPMorgan recommends mining stocks for upcoming halving. Steve Cohen owns some bitcoin.
Sentiment: MIXED
Tickers: CLSK, RIOT, BTC.CM=, ETH.CM=, IREN, MARA,
Keywords: cryptocurrency, marathon digital holdings inc, technology, bitcoin/usd coin metrics, riot platforms inc, iris energy ltd, ethereum/usd coin metrics, cleanspark inc, business news,