First Mover Asia: Crypto's Rotating Profits

First Mover Asia: Crypto’s Rotating Profits

Good morning. Here’s what’s happening:

Prices: Amid Bitcoin role debates and halving concerns, bitcoin and ether start flat in East Asia; Cobo’s data points to market confidence recovery and Bybit links memecoin surge to reinvestment, warning of mining impacts if Bitcoin doesn’t stabilize above $30,000 post-halving.

Insights: Bitcoin’s reduced congestion impacted altcoin rallies and BRC-20 tokens’ demand led to high fees and boosted miner revenue without new users, possibly changing bitcoin’s relationship with ether and its market dynamics.

Trending: WATCH: DeSantis Shreds Woke Heckler Who Interrupted Speech

Crypto’s Next Storylines

Good morning Asia,

Bitcoin and ether are both starting the East Asia trading day off flat,

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