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Crypto market begins recovery as Runes gain attention ahead of Bitcoin halving

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Cryptocurrencies

Bitcoin's (BTC) price recovery sparked a price increase across the crypto market on Monday.

Several altcoins recorded impressive gains in the past 24 hours after Bitcoin's rise. BRC-20 pre-Runes tokens posted hefty gains on Monday, as many expect them to enjoy the halving effect. Runes is set to launch on the same day as Bitcoin halving. Bitcoin's price recovery sparked a price increase across the crypto market on Monday.

This coincides with a recent prediction by Ripple CEO Brad Garlinghouse, who expects the crypto market to double in size to $5 trillion by the end of the year. However, Glassnode and Coinbase analysts have said that the halving effect may already be priced into Bitcoin as the largest digital asset broke its previous all-time high for the first time before a halving event.

 

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