Bitcoin’s Post-Halving Price

Plus, Salesforce’s acquisition talks.

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Today is Monday, April 22, 2024.

The Early Bird Index today is 65.76.

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Bitcoin’s Post-Halving Price

Despite entering a hyped-up halving event over the weekend, Bitcoin’s price remained mostly flat on Sunday.

Background: Late Friday marked Bitcoin’s halving, an event every few years when the supply of Bitcoin mined decreases. It is said that this decrease in supply improves the price.

Price: Yet the halving event didn’t have a major impact on the price of Bitcoin. In the past week, the price is up about 2%. Meanwhile, Bitcoin is actually in the red during the last 30 days.

Zooming Out: Average Bitcoin transaction fees jumped over the weekend, according to CoinDesk.

Final Thoughts: Bitcoin has faced two great catalysts in 2024: The approval of spot Bitcoin ETFs (exchange-traded funds) and this halving event. With both events in the past, investors should watch interest rates. If interest rates remain elevated, that could spell trouble for Bitcoin.

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Notable Earnings Today: Verizon Communications (NYSE: VZ), Cleveland-Cliffs (NYSE: CLF), AZZ (NYSE: AZZ), Nucor (NYSE: NUE), Albertsons (NYSE: ACI), SAP (NYSE: SAP), Crane (NYSE: CR), Equity Lifestyle Properties (NYSE: ELS), Pinnacle Financial Partners (Nasdaq: PNFP), Truist Financial (NYSE: TFC), Cadence Design (Nasdaq: CDNS), Zions Bancorp (Nasdaq: ZION), AGNC Investment (Nasdaq: AGNC), Bank of Hawaii (NYSE: BOH), Globe Life (NYSE: GL), Medpace (Nasdaq: MEDP), Packaging Corp of America (NYSE: PKG), Alexandria Real Estate Equities (NYSE: ARE), Ameriprise Financial (NYSE: AMP), Brown & Brown (NYSE: BRO), Cadence Bank (NYSE: CADE), Calix Networks (NYSE: CALX), HBT Financial (Nasdaq: HBT), HealthStream (Nasdaq: HSTM), Independent Bank Group (Nasdaq: IBTX), Sify Technologies (Nasdaq: SIFY), Simpson Manufacturing (NYSE: SSD), Washington Trust Bancorp (Nasdaq: WASH).

Notable IPOs Today: mF International Limited Ordinary Shares (Nasdaq: MFI), YY Group Holding Limited Class A Ordinary Shares (Nasdaq: YYGH), Themes Robotics & Automation ETF (Nasdaq: BOTT).

Notable Equity Crowdfunding Campaigns Ending Today: Freebird Rides (Wefunder), Texas Tail Distillery (StartEngine), Broads (Wefunder), Stride Development (Wefunder), Sweet Cake Bake Shop (Honeycomb), Elevate Money (Wefunder).

Notable Economic Events Today: N/A.

Salesforce’s Informatica Acquisition Talks

It turns out that technology giant Salesforce (NYSE: CRM) may not acquire Informatica (NYSE: INFA) after all.

Details: The Wall Street Journal reported on Sunday that talks between Salesforce and the data management software company fizzled after both parties couldn’t agree on terms.

Background: Rumors about this potential acquisition began a few days ago, but most investors weren’t on board.

Stock Prices: Salesforce is up 5% this year while Informatica is up 30%.

Final Thoughts: Salesforce is already dealing with enough headaches as it tries to overcome a weaker financial outlook.

Among major cryptocurrencies, Chainlink did the best on Sunday with a 5.4% gain.

Final Thoughts: Chainlink is still down more than 12% in the last 30 days.

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.