Miners’ Influence on Price In the early days of Bitcoin, miners had a significant impact on its price. However, as the market has matured, miners’ influence has waned. This is due to increased diversification of Bitcoin holders and the growth of sophisticated financial instruments. Halvings and Monetary Policy Bitcoin halvings occur during key economic turning…
Misconception: Bitcoin Will Hit Another ATH Analysts believe that the current Bitcoin rally is not a sign of an early bull run. They dismiss claims that Bitcoin’s recent all-time high indicates continued gains. Pre-Halving Dips: A Historical Trend Historically, Bitcoin and altcoins have experienced significant dips before halving events. The current pre-halving dip is within…
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…
