The Crypto Market Surges as Bitcoin Hits $72,000 Again
Bitcoin Halving Approaching
The crypto market value surged and rolled higher on Monday reaching $2.8 trillion thanks to Bitcoin’s debut atop $72,000 again. Besides, BTC price increase, top altcoins to buy including Shiba Inu (SHIB), Pepe Coin (PEPE) and dogwifhat (WIF) steadies their uptrends, hinting at further growth this week and throughout April.
Bitcoin Halving Countdown
According to NiceHash countdown, Bitcoin halving is due in approximately nine days at block height 840,000. Currently, the network is at a block height of 838,332.
Impact on Altcoins
Following the halving rewards miners receive for mining Bitcoin will go down from 6.25 to 3.15 – a condition that will significantly shrink supply in subsequent months, thus propping Bitcoin and the crypto market in general for an exponential rally. Although the halving is related directly to Bitcoin, history has shown that altcoins to buy like Shiba Inu tap into the positive momentum and trigger a remarkable growth in value.
Top Altcoins to Buy Ahead of Halving
1. Dogwifhat (WIF)
Bitcoin price topped the $72,000 level following the correction to $65,000 which ushered in the month of April. The fresh uptick in price comes ahead of the fourth Bitcoin halving anticipated in less than a week.
Market data from CoinGecko reveals a sizeable 9% surge in meme coin prices, led by dogwifhat’s 15% surge. Other related coins performing well on Monday include Joe Boden (BODEN), Degen (Base) (DEGEN), Popcat (POPCAT) and The Dog NFT (DOG).
2. Shiba Inu (SHIB)
In the past few hours, Shiba Inu has displayed a significant fluctuation in its market value. After a noticeable dip to $0.0000274, the cryptocurrency saw a sharp increase, peaking at $0.0000294. However, this rally was short-lived, as the price corrected slightly, settling at $0.00002855.
3. Pepe Coin (PEPE)
For over a month, the Pepe coin price has traded sideways resonating with the two converging trendlines of a bullish pennant pattern. The continuation setup developed above the 50% retracement level also highlights health retracement which allows the buyers to regain control over this asset.
