Global

Head of BitGo Go Network Matt Balensweig claims that the impending Bitcoin halving will result in "real changes" to the cryptocurrency's supply and demand dynamics. Balensweig's remarks give the continuing speculation about whether or not the halving is already priced in a fresh perspective.

But the cryptocurrencies took a severe tumble, with many double-digit drops in a few of hours. However, price reductions were also seen in more established sectors, such as the US stock markets, where the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 all dropped from over 5,210 to under 5,100 in a matter of minutes.

Around April 17th, Shiba Inu (SHIB) may experience a price uptick due to a significant technical indicator suggesting a nearing convergence between the 50-day Exponential Moving Average (EMA) and SHIB’s current price.

A well-known cryptocurrency analyst, recognized for accurately forecasting the cryptocurrency market bottom during the 2018 bear market, has recently stated their belief that the price of the smart contract platform Solana ($SOL) will increase further.

Over the past 24 hours, cryptocurrencies Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) have all recorded slight gains in line with broader market movements, reflecting a blend of optimism and caution among traders.

Reportedly, the Australian Securities and Investments Commission (ASIC) has initiated legal action against two cryptocurrency companies and their directors for operating without licenses in Australia. These companies are accused of being involved in a complex scheme that led to investors losing AU$160 million, equivalent to $104 million.