Why the Bitcoin Halving Could Be Important Ki Young Ju, CEO of CryptoQuant, recently discussed the behavior of US-based Bitcoin miners in the lead-up to the upcoming halving. The halving is a periodic event where Bitcoin’s block rewards are permanently cut in half. It occurs every four years, with the next one estimated to happen…
Overview Ethereum (ETH) has made significant progress in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This crucial step brings Ethereum closer to deploying the upgrade on the mainnet, signaling its commitment to improving transaction efficiency, scalability, and reducing transaction fees by up to 90%. Dencun Upgrade…
Significant LINK Purchases Reported A mysterious entity, possibly a crypto whale or institution, has been aggressively accumulating Chainlink (LINK), the native token of the decentralized oracle network. This information was revealed by Lookonchain, a blockchain tracker. Binance Withdrawals Lookonchain observed that 47 new wallets withdrew a total of 2,237,504 LINK, valued at $42.38 million, from…
Wallet Count Soaring Santiment, a leading crypto analytics firm, has reported a surge in the number of wallets holding Dogecoin (DOGE). According to the firm, the count of DOGE wallets is growing at the fastest rate in the history of the memecoin. Despite a 23% decline in DOGE’s value since its peak on December 9th,…
Consumer Spending Strong, No Need for Recession Talk Steve Eisman, the investor known for his short positions against the housing market before the 2008 crisis, believes that cutting interest rates now would be a mistake. In a CNBC interview, Eisman emphasized the strength of the US economy, driven by healthy consumer spending. He sees no…
Historical Data Points to Pre-Halving Rally Phase Pseudonymous analyst Rekt Capital believes Bitcoin (BTC) could start its pre-halving rally next week. Rekt Capital analyzed historical data and identified five stages in Bitcoin’s price action based on halving events. The next halving is scheduled for April, and Rekt Capital believes Bitcoin is transitioning from pre-halving retracement…
Bitcoin has been stuck in a sideways trend since mid-January, but a breakout could be just around the corner. The Bollinger Band Width (BBW) indicator suggests that the market is about to experience a period of high volatility. What is the BBW? The BBW is a technical indicator that measures the volatility of an asset….
The XRP community is worried about the upcoming XRP Ledger (XRPL) Automated Money Maker (AMM) because of new cryptocurrency rules from the United States Securities and Exchange Commission (SEC). SEC’s New Rules May Affect XRPL AMM The SEC has announced strict rules that require individuals who provide liquidity to register with the regulator. This includes…
MicroStrategy, a software company, remains committed to its “Bitcoin Strategy,” as evidenced by its recent acquisition of additional Bitcoin (BTC). Key Points: MicroStrategy’s co-founder, Michael Saylor, announced the acquisition of 850 BTC for $37.2 million in January, increasing the company’s total BTC holdings to 190,000 BTC. The company’s fourth-quarter 2023 financial results revealed the purchase…
The introduction of Bitcoin exchange-traded funds (ETFs) in the United States has sparked mixed reactions. While there was an initial surge in investment, recent data shows a decline in overall Bitcoin wallet activity. Diminishing Enthusiasm Data from Santiment reveals a consistent reduction in the number of crypto wallets holding any amount of Bitcoin since the…
