The Halving Countdown: Bitcoin's Buzz Ignites Social Media

DAILY MARKET OVERVIEW
Bitcoin Halving Countdown as Investors Pull Out on ETFs

Hey there, Crypto Enthusiasts! 🥳

Welcome to your favorite day of the week – Friday's crypto market report! Get ready to dive into the latest crypto updates.

First up, let's talk about the Bitcoin ETFs. It seems like they've been on a bit of a rollercoaster ride this week, with outflows continuing to increase.

But fear not, analysts reassure that this is just a temporary cool-off period. After all, who doesn't love a little breather after an epic launch party?

Now let’s talk about the elephant in the room the Bitcoin Halving.

The Halving is set to happen in approximately 11 hours from now.

JPMorgan, one of the biggest banks on Wall Street, expects the price of Bitcoin to go down after the "halving" and has issued warnings to its clients to be cautious due to the worsening macroeconomic environment.

At the same time, searches for "Bitcoin halving" on Google have never been skyrocketing popular. Google data shows searches for this term have already hit very high levels, scoring 45 out of 100. Even more impressively, Google predicts this search interest will peak at the maximum possible score of 100 by the end of April.

This is over twice as high as the last halving event in 2020. So clearly a ton of people are very interested and curious about this upcoming Bitcoin halving event.

Overall we have both pessimistic and optimistic views regarding the Halving, we lean towards optimism and believe the decrease in Bitcoin emissions will have a positive long-term impact.

TWITTER SENTIMENT
All Eyes On the Bitcoin Ecosystem

Bitcoin has been the center of attention for quite some time now, thanks to the ETFs and the upcoming halving event that has the entire crypto Twitter community fixated on Bitcoin-related projects.

The launch of the new token standard on Bitcoin called Runes, coinciding with the halving, has become the talk of the town. Investors are anticipating massive returns from Rune-related projects.

Infrastructure projects like BVM and MUBI have also witnessed substantial price growth due to the increasing attention towards Bitcoin.

As a cutting-edge technology, Runes will be highly experimental, and their launch could potentially fail. Therefore, if you decide to trade Runes, it's crucial to be aware of the risks involved.

Currently, you can track Runes projects at: https://runesmarketcap.com/

As for wallets, both Unisat and OKX Web 3 wallet will support Rune trading.

Some fresh projects like Runigun are also riding the wave of this emerging trend.

We've picked up on chatter among crypto enthusiasts on Twitter about Runigun, a Telegram-based bot project aiming to allow Runes trading directly through Telegram’s interface.

At present, Runigun is conducting a presale on Fjord Foundry, boasting a current circulating market cap of $1 million.

While we categorize this project as extremely high-risk, we'll be keeping a keen eye on its developments.

NEWS OVERVIEW
Recent Crypto News

• Bitcoin Spot ETFs See Continuous Withdrawals Five Days Ahead Of Halving

• Post-Halving Crypto Markets To Be Driven By Macro Factors, Says Coinbase

• Bitcoin Price Tumbles Below $60,000 Just 24 Hours Before Halving

• Tether (USDT) Launches On TON Network, Accessible Through Telegram Wallet
  

YOUTUBE INFLUENCER SUMMARY
Ivan On Tech - BITCOIN: ALL HOLDERS NEED TO SEE THIS!! (19.04.2024 Summary)

Have We Finally Hit The Crypto Bottom? Ivan Thinks The Reversal Is Ready!

If you've been following the crypto markets lately, you've likely been on an emotional rollercoaster.

• Bitcoin dipped below $60K, causing panic sellers to capitulate. But according to Ivan on Tech, one of the most influential voices in the crypto space, this could be the bottom we've been waiting for.
  

• In his latest stream, Ivan emphatically states, "If you're a panic seller after watching my channel, you only have yourself to blame."
  

• He believes the dip buyers are being rewarded handsomely in this bull market, as long as they followed his advice to "buy the dip" when the trend was green.
  

• Ivan points to the market's swift recovery from the $59K level as a sign of immense demand and bullish strength. If Bitcoin shows strength before the week ends, Ivan would be "very, very, very confident that we're likely going to pump to $90K."
  

• Ivan emphasizes the importance of trusting the process and not getting swayed by endless opinions.
  

• Ivan reiterates his bullish stance on ETH, calling it "super undervalued" at $3K. He highlights ETH's unique properties of being deflationary while providing stakers with yield, something the traditional finance world has yet to fully grasp.

While crypto markets are known for their volatility, Ivan's conviction in the overall trend remains unwavering. As he so eloquently puts it, "Trust the effing process!" If the charts align with Ivan's analysis, the crypto reversal may be just around the corner.

Lark Davis - Will Bitcoin Go Up Forever? (19.04.2024 Summary)

The big question a lot of people are asking is - will Bitcoin's price just keep going up forever? Lark, a popular crypto expert, has some interesting thoughts on this.

First, Lark says Bitcoin is here to stay. It's a major invention that combines different cutting-edge fields like cryptography and computer science. It's spread all over the world on thousands of computers, and everyone knows about it now. It would be almost impossible to just make Bitcoin go away at this point.

• But the real question is whether the price will truly keep rising forever. Lark points to something called the Bitcoin power law model. Basically, it says that for Bitcoin's price to go up 10 times, the time passed since it was created has to go up by about 50%.
  

• So while it looks exponential at first, the price increases actually get farther and farther apart over time. Still, this model could mean Bitcoin hits $1 million per coin around 2033 if it holds up.
  

• Lark also compares Bitcoin's growth to how technologies like TVs and mobile phones were adopted over 15-20 years. Bitcoin is around 15 years old and 10% adopted, similar to where those major tech breakthroughs were.
  

• Lastly, Lark likens Bitcoin's potential as a "digital gold" to how actual gold has kept its purchasing power for centuries, even as paper currencies get devalued over time. If Bitcoin really does become the new store of value, replacing failing fiat currencies, then its price could realistically keep climbing forever from that perspective.

So in simple terms - while no one can predict the future, Lark lays out some compelling reasons why the "Bitcoin going up forever" narrative may not be as crazy as it sounds. But only time will tell!

CRYPTO MEMES
“When You Spend Too Much Time on the Charts"

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