Loss of Income The upcoming Bitcoin Halving will cut miners’ rewards in half, from 6.25 BTC to 3.125 BTC per block. This will result in a significant loss of revenue for miners, estimated at up to $10 billion annually. Cushioning the Blow Miners are exploring ways to mitigate the revenue loss. Some are investing in…
Bitcoin took a tumble over the weekend, falling to $60,850 before recovering to around $64,500. This sudden drop has sparked a lot of questions. The “End Run” Theory Peter Brandt, a veteran trader, believes the price action is a potential turning point. He calls it an “end run,” a maneuver to bypass obstacles and gain…
Bitcoin’s Rise in Sports Brazilian UFC fighter Renato Moicano made headlines by demanding his $300,000 bonus in Bitcoin. This move reflects the growing popularity of cryptocurrency in the sports industry. Moicano’s Request After his victory at UFC 300, Moicano expressed his support for Bitcoin and requested that his bonus be paid in the cryptocurrency. His…
Bitcoin has caught the attention of investors again. Some analysts believe it could see a significant price drop before the next halving event. Historical Patterns Analyst Rekt Capital has studied past Bitcoin cycles. In 2016 and 2020, Bitcoin experienced retracements of around 30% and 20%, respectively. This suggests that a more substantial downturn of around…
Institutional Demand on the Rise The launch of Spot Bitcoin ETFs has fueled institutional demand for Bitcoin. ETF issuers have been accumulating BTC, now holding a significant 4.27% of the total supply. This has created a new category of whale addresses on the Bitcoin network. Leading ETFs Dominate BlackRock’s IBIT and Fidelity’s FBTC ETFs are…
Price Drop Bitcoin’s value plummeted on Saturday after news of Iran launching missile attacks on Israel. The price dropped by 8.07%, from $67,132 to $61,710. This is the second consecutive day of losses for Bitcoin, which fell 5% on Friday. Underlying Causes The drone attacks on Israel have raised concerns about a potential full-scale war…
As the 2024 Bitcoin halving approaches, the crypto world is abuzz with excitement and speculation. Social media is filled with discussions about the event, indicating potential market volatility. Social Media Surge Fuels Speculation Analysts believe that the surge in social media chatter often coincides with market shifts. Some predict a price rally, while others are…
On April 12, the crypto market experienced a sudden drop in prices, leading to massive liquidations. Massive Liquidations Amidst Price Decline Bitcoin fell by 4.49% in the last day, hitting a low of $66,052. This triggered a domino effect, with Ethereum and Solana also seeing significant losses. As a result, over 277,000 traders lost their…
The Bitcoin market has been a bit sluggish lately, making some wonder if the bull run is over. But there’s one metric that could give us a clue. Mean Dollar Invested Age This metric tracks how long Bitcoin has been sitting in the same wallets. When it’s going up, it means investors are holding onto…
Price Surge May Not Be Immediate Hannah Phung, an analyst at SpotOnChain, believes that Bitcoin’s price may not rise immediately after the Halving. Historically, significant price gains have occurred 6-12 months after the event. Supply and Demand The Halving reduces the supply of Bitcoin, which can drive up its price, especially when demand is stable….
