After a long wait, Bitcoin’s fourth halving happened on April 20th GMT. With the completion of the fourth Bitcoin halving, what does this mean for both the market and you? Because of this, mining rewards have been reduced from 6.25 BTC to 3.12 BTC. This rare event happens once every four years, and Bitcoin went…
Bitcoin mining stocks recovered shortly before the halving, after weeks of decline. Tension in the Middle East slowed growth in tech stocks, showing a correlation between stocks and crypto assets. The halving today will halve miner rewards, leading to significant market movements in recent months. Bitcoin’s price sits at $63,501 as it battles against liquidations…
Bitcoin’s fourth halving block was just confirmed, mined by ViaBTC, according to Blockchain.com. This event slashes the mining reward in half, a measure taken every four years to limit new bitcoin creation and control inflation. In the halving block, there were 3,050 transactions, and they paid a whopping total of 37.6256 BTC (that’s about $2,401,399)…
With the Bitcoin Halving just hours away, investors and miners are preparing for potential market impacts. Occurring roughly every four years, this event often sparks price surges across major cryptocurrencies. As miners face reduced rewards, investors anticipate potential market shifts. Stay tuned for insights as the countdown to the Bitcoin Halving progresses. Bitcoin Halving: An…
During the ongoing Token2049 conference in Dubai, Arthur Hayes, co-founder of BitMEX, compared Bitcoin to gold but stressed Bitcoin’s superiority. He analyzed the monetary policies of governments such as the US, China, and Japan, highlighting Bitcoin’s suitability amidst the expansion of central banking balance sheets. Hayes Forecasts Continued Negative Real Yields and Bitcoin’s Value Surge…
Leading experts in the cryptocurrency space are expressing concerns about a potential crash in the prices of Bitcoin and altcoins following the upcoming Bitcoin halving event. They suggest that any immediate rally might not materialize for several months. The price of Bitcoin dropped significantly after reaching an all-time high, unable to sustain its momentum and…
According to PlanB, Bitcoin is expected to climb to $100,000 by the end of this year following the halving event. Looking ahead, PlanB predicts even more significant growth, with Bitcoin potentially reaching $300,000 by the year 2025. Despite the prevailing sentiment in the crypto community, PlanB, the creator of the Bitcoin Stock-to-Flow (S2F) model, holds…
Bitcoin’s price volatility is on the rise as the next halving approaches. Historical data indicates that past halvings have resulted in notable price surges. However, the current market reflects signs of fear and uncertainty. With less than a month to go until the next Bitcoin halving, people all over the world are paying close attention…
Bitcoin’s halving countdown shifts attention to altcoins, with AVAX experiencing fluctuating prices at $34.88 post a minor increase, while Solana’s price sits at $137, remaining distant from its peak amidst the meme coin frenzy. With the Bitcoin halving approaching in less than three days, focus is turning towards altcoins as well. Currently, there are 427…
Bitcoin’s price fell by over 13% in the past week, now at around $62,000. Despite this drop, some traders foresee a possible “doomsday rally” for Bitcoin. They think that increasing tensions in the Middle East might boost the cryptocurrency’s price soon. Bitcoin emerged after the 2008 financial crisis and has often been viewed as a…
Bitcoin’s price is experiencing turbulence, falling by 4.5% in the past 24 hours. Let’s explore the reasons behind this decline. Bitcoin has been going through a rough patch lately, with its price swinging up and down dramatically. One day, it’s soaring to $70,000 or more, and the next, it’s almost hitting $60,000. There’s a lot…
Hong Kong has received approval from the SFC for its first-ever spot Bitcoin and Ethereum ETF offerings, brought forth by four prominent financial entities. Four major financial entities in Hong Kong have secured approval to provide spot Bitcoin and Ethereum ETFs. Harvest Global will offer these ETF products through OSL Digital Securities Co. However, mainland…
Bitcoin analyst Willy Woo warns that a drop below $58.9K could signal a shift to a bear market. However, in the short term, he anticipates short liquidations between $71-$75k. Woo highlights that Bitcoin consolidating near its all-time high is a positive sign for recovery. Amidst rising tensions between Israel and Iran, Bitcoin experienced significant volatility,…
Bitcoin has experienced a significant decline, dropping by 16.2% or $10,000 from its yearly high of $73,794 on March 14th. Just last month, on March 13th, Bitcoin reached $73,000, making it the eighth largest asset globally by market capitalization. Currently, it is trading around $63,000. Bitcoin Slides Amidst Iran-Israel Tensions Bitcoin saw a significant decline,…
Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has explained why he chooses not to invest in a spot bitcoin exchange-traded fund (ETF). He compared it to his preference for owning physical gold and silver coins, mines, and apartment houses instead of gold or silver ETFs. Kiyosaki, who made headlines this week, believes that…
According to data from Arkham Intelligence, the United States, United Kingdom, and Germany are among the top countries holding cryptocurrencies at the government level. The firm’s analysis reveals that the U.S. government holds 212,847 bitcoins. Additionally, El Salvador’s president recently announced that the country has been buying one bitcoin daily. Arkham Intelligence Reveals Governments’ Crypto…
Bitcoin and altcoins saw a significant drop yesterday, with over $935 million liquidated from crypto markets in the last 24 hours. Analysts suggest Bitcoin is currently in an accumulation phase before a potential breakout. Bitcoin and other cryptocurrencies recently experienced a notable decrease. When Bitcoin quickly reached $65,086, altcoins suffered a particularly severe decline. Analyst…
Today, the crypto market took a big drop, and here’s what’s happening: It’s following a similar trend to the traditional stock market, which is also experiencing a decline due to rising geopolitical tensions and economic uncertainties. As traditional markets dipped, cryptocurrencies followed suit without hesitation. In the afternoon trading hours in the United States, Bitcoin’s…
Ali Martinez predicts Bitcoin will surge to $85k. WEEX exchange introduces a landing page for Terra Classic’s burn campaign. Rebel Satoshi Arcade prepares to unveil new play-to-earn games. Ali Martinez believes Bitcoin will rise to $85k soon. WEEX exchange has launched a special page to support Terra Classic’s burn project. Rebel Satoshi Arcade plans to…
Peter Brandt, a well-known and respected figure in trading and market analysis, particularly renowned for accurately forecasting Bitcoin’s 84% decline in 2018, has expressed his outlook for BTC. In a recent post on the microblogging platform X (formerly Twitter), Brandt observed a recurring pattern in every Bitcoin bull market. This pattern involves BTC’s price sharply…
Bitcoin (BTC) surged by 2.73% on Monday, reaching a closing price of $71,315. Notably, attention is drawn to BTC-spot ETF market flow data for April 8 and April 9, which could impact investor decisions as the Bitcoin halving event approaches. Additionally, factors such as FOMC member discussions, SEC activities, and developments among US lawmakers should…
The Hong Kong branches of Harvest Fund and Southern Fund, two asset management firms based in China, have submitted applications to introduce spot Bitcoin ETFs in the Hong Kong area of China. These companies oversee assets worth over $200 billion combined. As reported by Bitcoin Magazine, the applications were filed today, as per the state-owned…
As Bitcoin surged above $72,000, short positions suffered the most from market volatility. Coinglass data reveals that over the last day, there were more than $47 million in bitcoin short liquidations. In the wider crypto market, liquidations hit over $152 million, with about $107 million from short positions. Bitcoin, the largest digital asset, rose by…
Bitcoin is trying to break out of a bullish chart pattern, which could pave the way for other altcoins like TON, STX, MNT, and MKR to follow suit. While Bitcoin’s price is down by about 2% this week, hovering around $69,555, a positive indicator for bullish investors is that it’s above the weekly low of…
Since the beginning of the year, rich investors have been collecting Bitcoin, with one big investor gathering 1,308 BTC, worth about $90 million. Even though there are uncertainties, Bitcoin’s price seems to be going up overall. This increase in price can be seen from the growing number of Bitcoin wallets held by wealthy individuals, known…
Over the past 30 days, Bitcoin’s price has been changing by about 4%, which is a lot less than the nearly 18% it was changing by back in April 2013. This means Bitcoin’s value is becoming more stable, similar to regular stocks. With the Bitcoin halving just weeks away and ETF excitement speeding up its…
The price of the largest cryptocurrency recently surged above $70,000. However, it’s uncertain if it can maintain this level. Bitcoin (BTC), the leading cryptocurrency by market cap, successfully reclaimed the $70,000 mark earlier today, reaching a peak of $70,230. It has risen by 2.4% in the last 24 hours and is currently trading just below…
Bitcoin (BTC) has surged above $70,000, showing strong bullish momentum. This move signals Bitcoin’s resilience and suggests the possibility of more gains ahead. Following a period of consolidation above $65,000, Bitcoin’s breakthrough could pave the way for targets at $73,000 and $75,000. Factors Driving Bitcoin’s Bullish Trajectory Several factors are contributing to Bitcoin’s current bullish…
One analyst highlighted BTC’s robust support on the 4-hour chart, indicating a stable foundation for potential price movements. Conversely, another analyst advised followers to focus on accumulating altcoins or meme coins. Additionally, the BTC daily chart indicated a bullish signal as the 50 EMA crossed above the 200 EMA, indicating a potential uptrend toward $75,000….
Bitcoin’s subdued volatility suggests a potential stagnation phase, with a breakout above $70K potentially reshaping its market outlook. A change in Bitcoin supply dynamics indicates a shift towards speculative behavior. Recently, Bitcoin (BTC) has shown a significant period of consolidation, with its price fluctuating between $69,000 and $64,000 for about a week. This is quite…
Cryptocurrency prices dropped this week, but Bitcoin managed to rebound to $69,000 after announcements from the Federal Reserve. Analysts emphasize the importance of Bitcoin closing above this level to potentially reach higher peaks before the halving. Cryptocurrencies had a rough week as prices took a hit, affecting altcoins as well. However, in a recent turn…
On Wednesday, April 3, Bitcoin (BTC) went up by 0.72%, reaching a closing price of $66,062. This increase was influenced by positive US economic indicators and the flow of BTC-spot exchange-traded funds (ETFs) on April 2 and April 3. Looking ahead to Thursday, investors should pay attention to BTC-spot ETF market flow data, discussions among…
Bitcoin (BTC) has lost some of its recent gains and is now priced around $65,900, causing worry among investors. Some are concerned that this could lead to a longer period of decline, while others view it as a chance to buy. Here’s a simple breakdown of what’s happening and what experts are saying. Challenges Facing…
Whales holding between 100 and 1,000 BTC have stabilized their holdings since March 25, suggesting they’re not accumulating more Bitcoin. The Relative Strength Index (RSI) for the past 7 days has dropped from 76 to 69, indicating Bitcoin might be cooling off in the short term. Additionally, the Exponential Moving Average (EMA) lines are close…
Bitcoin’s fall and gold’s rise prompt skepticism about crypto’s safe-haven status. This week, Bitcoin’s value dropped significantly, stabilizing around $65,200, leading to over $200 billion exiting the crypto market. Despite concerns, Bitcoin critic Peter Schiff seized the moment, contrasting Bitcoin’s decline with gold’s resilience in similar economic conditions. Gold Hits All-Time Highs Amidst Geopolitical Tensions…
The drop in Bitcoin’s price to $66,013 today on Bitstamp seems linked to two main factors: GBTC outflows and decreased odds of an interest rate cut. Bitcoin had been rising for six months straight, hitting levels not seen since 2012, but now it’s down over 4% to $66,761. Bitcoin ETF Outflows and Rate Cut Odds…
Bitcoin ETFs have performed better than many exchange products, according to Matt Hougan, Bitwise CIO. He mentioned that these ETFs exceeded previous records and expectations. However, he suggests waiting strategically before launching Ethereum ETFs. Matt Hougan, Bitwise’s Chief Investment Officer, discussed the success and broad investor base of the Bitcoin ETF in an interview. He…
The Bitcoin Halving is a scheduled event in the Bitcoin network where the reward for mining new blocks is cut in half. It happens about every four years, or every 210,000 blocks. Miners validate transactions by solving complex puzzles and are rewarded with newly created bitcoins. Initially set at 50 bitcoins per block in 2009,…
Bitcoin’s price holds steady at $69,855, while altcoins remain in consolidation. Past data indicates a possible uptrend during the halving period. Investors remain optimistic about continued price growth following the recent surge. Today, Bitcoin’s price remains stable at $69,855, while altcoins are in a consolidation phase. Looking ahead to the halving, investors are increasingly confident…
In the midst of a period where the overall crypto market is stabilizing, Bitcoin’s price remains steady, showing neither significant gains nor losses. Meanwhile, Pepe Coin and Pendle are experiencing upward momentum, approaching new all-time highs. Bitcoin’s halving event is coming up in April, four years after the last one. This has led to increased…
Bitcoin (BTC) is gearing up for a potential surge as it forms a bullish pattern and garners increased institutional investment. Analyst Ali Martinez predicts a breakout beyond its recent milestone of $70,000, possibly surpassing its current all-time high of $73,750. This optimism stems from the identification of a bull flag pattern on Bitcoin’s 4-hour chart,…
The soaring price of Bitcoin, fueled by both whale activity and the strong performance of BlackRock’s IBIT ETF, has sparked a bullish outlook, with projections aiming for a breakthrough above $70,000 and potentially reaching the significant milestone of $80,000. Bitcoin faced volatility on Wednesday, attracting interest from whales who have been actively buying. After bouncing…
In March, the decentralized liquidity protocol saw its highest-ever monthly trading volume, reaching record levels. However, despite this success, some Bitcoin enthusiasts remain cautious about using the protocol for borrowing. THORChain, a decentralized liquidity protocol, has achieved a significant milestone by surpassing $10 billion in total monthly trading volume for the first time ever. Meanwhile,…
Analyst Jelle predicts that Bitcoin might reach $75,000 by the upcoming weekend. However, Bitcoin faced an 18% correction, dipping below $61,000. Despite this setback, it managed to bounce back, surpassing $71,500, although it experienced another decline afterward. Following Coinbase’s decision not to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC), both…
Bitcoin’s price is once again rising, signaling that the bulls are back in control. After a week of declines and negative flows into spot BTC exchange-traded funds (ETFs). The price of Bitcoin has surged past $70,000 for the first time in a week, reaching $70,921. Now, traders are wondering if this upward momentum will lead…
Bitcoin is getting close to hitting $69,000, and this has the crypto community paying close attention. People are feeling both hopeful and careful, especially because there could be short liquidations coming up. Bitcoin is getting closer to its highest point in nine days, nearing the important $69,000 level. The market is cautious, but Bitcoin is…
Bitcoin is nearing its all-time high levels as March comes to a close. While there’s been a small correction, signs of classic bullish behavior remain strong. However, macroeconomic factors may bring more volatility to risky assets. Bitcoin nears its all-time highs as March ends, with a modest pullback from the peak of $74,000, reaching over…
Bitcoin whales, major players in the cryptocurrency market, orchestrated a massive movement of funds totaling $2.3 billion in just 24 hours. Notably, substantial withdrawals from the exchange Coinbase, exceeding $1 billion, were part of this activity. These large-scale transactions, tracked by Whale Alert, suggest a significant reshuffling of Bitcoin holdings among major players, potentially impacting…
Iceland’s Prime Minister KatrÃn Jakobsdóttir addressed Bitcoin and BTC mining in the country, stating that Iceland aims to prioritize food security over financial gains. In a recent interview, Jakobsdóttir announced this decision, prompted by protests from European farmers and trade disruptions, emphasizing the importance of reducing Iceland’s reliance on imports. Iceland’s Dual Focus: Agriculture and…
With the 2024 Bitcoin halving drawing near, Bitcoin (BTC) faces challenges to maintain its position above $63,000. Analysts anticipate a further decline in price, referring to it as a “correction.” Crypto analyst Michael van de Poppe shared on X that the ongoing consolidation in the market is typical of a period just before a halving…