Summary
U.S. crypto-related stocks are expected to have a positive start to the week as bitcoin reaches $72,000 and its reward halving approaches. Coinbase, MicroStrategy, and BlackRock’s bitcoin exchange-traded fund all saw gains. Bitcoin and the broader crypto market also rose, with meme coins like dogwifhat and pepe seeing increases. Altcoins still have potential for momentum as bitcoin dominance peaks pre-halving.
Key Points
1. Bitcoin climbed through $72,000 for the first time since mid-March as its reward halving draws closer, leading to positive gains in U.S. crypto-related stocks such as Coinbase, MicroStrategy, and BlackRock’s bitcoin exchange-traded fund (IBIT).
2. Altcoins are gaining momentum as bitcoin dominance peaks pre-halving, with tokens like dogwifhat and pepe seeing significant increases in value.
3. According to trader Michaël van de Poppe, altcoins are currently undervalued and have the potential for further growth in the near future.