The top cryptocurrency is back in action, sending the whole crypto market into the green.
This article originally appeared on Quartz. After days of tumultuous trading, Bitcoin finally returned to above the $65,000-level Friday morning, thanks to its big “halving” event. The jump in Bitcoin price is a relief for investors after analysts at big banks including JPMorgan and Goldman Sachs have been less confident about the top cryptocurrency in their recent reports. The Bitcoin “halving” event will cut the reward miners get for creating new Bitcoin in half, from 6.25 Bitcoin to 3.
On Friday morning, Ether, the second-largest cryptocurrency by market cap, crossed the $3,000 mark after days with a nearly 2% jump. Ethereum-killer Solana was trading at $143, a 7% hike in the past 24 hours. Top memecoins such as Dogecoin and Shiba Inu also rose 4% each, trading at $0.15 and $$0.00002296, respectively. #BitcoinHalving was trending Friday morning on X as crypto fans celebrates the event.
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