Bitcoin’s current price action is “hardly a surprise,” given the extraordinary bullish action leading up to the fourth halving. Bitcoin price has sharply declined over the past few days, which might have triggered some concerns from those who thought it would surge after its fourth halving. The price of Bitcoin has dropped 11% since the halving, which occurred…
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Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Bitcoin is now trading below the average purchase price paid by short-term holders, potentially causing “panic” due to unrealized losses, according to an on-chain analyst. “These recent buyers are statistically the most…
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Veteran trader Peter Brandt sparked debate after suggesting BTC may have already hit its peak this cycle, but even he didn’t put much stock in the theory. There’s a very slight chance that Bitcoin has already reached its peak this cycle at the $70,000 mark, according to the “exponential decay” pattern floated by veteran trader…
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The solo miner netted around $200,000 in rewards for validating block 841,286. A single Bitcoin miner has defied the odds by solving a Bitcoin block alone, netting them the full 3.125 Bitcoin block reward. On April 28, software engineer and administrator from the solo mining pool ckpool, Con Kolivas, posted to X that a miner had…
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Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs. Bitcoin printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum for the asset. Could it signal the start of the post-halving bull run? Bitcoin bull flag…
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“Mt. Gox coins could become a relevant negative price contributor in the next weeks,” say K33 Research analysts. The potential return of more than $9 billion worth of Mt. Gox-era Bitcoin over the next few weeks might “spook the market” and put negative price pressure on Bitcoin, according to K33 Research analysts. Earlier this week on…
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Bitcoin bids and asks build around BTC spot price as analysis sees the chance of a liquidity hunt next. Bitcoin stalled its post-halving comeback at the April 22 Wall Street open as a “sea” of automated trading algorithms sold BTC. BTC/USD 1-hour chart. Source: TradingView Bids and asks squeeze BTC price Data from TradingView showed BTC price momentum…
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Fidelity Digital Assets maintained its positive short-term outlook for Bitcoin following the first quarter but revised its medium-term outlook based on several metrics. Fidelity Digital Assets has revised its medium-term outlook for Bitcoin from “positive” to “neutral” following the first quarter, citing several metrics that suggest Bitcoin is no longer considered “cheap” amid a potential…
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Experts say the price of Bitcoin could top $200,000 by 2028 but concerns around network security and miner profitability still loom. Saturday’s Bitcoin halving has officially seen the rewards paid out to miners reduced from 6.25 Bitcoin per block to 3.125 BTC. But now, experts turn their eye to where Bitcoin could be by the…
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The surge in block fees on the halving day was more than making up for the halved block subsidy miners were hit with — but that’s not the case anymore. The average fees paid on Bitcoin have sharply fallen just a day after reaching a record average of $128 on April 20 — the day of the…
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