Key Points: Bitcoin halving block 840,000 sees a surge in rune minting, boosting block revenue to 21.74 BTC. Users spend 37.67 BTC ($2.4 million) in fees on block 840,000, making it Bitcoin’s most valuable digital real estate. Anticipation for the Runes protocol drives increased Ordinal inscriptions, setting record fees on Bitcoin and hinting at a…
Read more
The landmark occasion sees a reduction in Bitcoin miner rewards, dropping from 6.25 BTC per mined block to 3.125 BTC. Bitcoin has successfully gone through its fourth-ever halving event after posting its 840,000th block, the point at which mining rewards are slashed in half once again. The event has the crypto community eagerly awaiting what’s…
Read more
Bitcoin’s price whipsaws align with global conflict and macroeconomic concerns, but data shows investors’ halving expectations positively impacting BTC price. witnessed a sharp 6% drop on April 19, falling to a low of $59,640 in the early hours, before quickly recovering to secure support above $64,500. This rebound was driven by the optimism surrounding the…
Read more
Bitcoin bears celebrate as demand for leveraged long positions hits a six-month low, but crypto traders on X think it’s time to go long. On April 18, Bitcoin futures contracts exhibited significant demand for short (sell) positions, sparking speculations of further bearish momentum. This trend was influenced by the lack of inflows into spot Bitcoin exchange-traded…
Read more
BTC price continues its tests of bid liquidity after the latest Wall Street open, but confidence over the Bitcoin bull market remains. Bitcoin is “looking solid” long term but further BTC price dips are on the radar, fresh analysis says. In a thread on X (formerly Twitter) on April 17, popular trader and commentator Mikybull Crypto described the…
Read more
Excitement around the upcoming Bitcoin halving has seen a continued increase in searches for the term on Google. The level of interest in the ‘Bitcoin halving’ on Google has soared to its highest point of all time, with predicted data pegging it at more than double that of the last halving in 2020. Search interest…
Read more
Over 2,000 United States ETFs see no inflows on any given day — something thats “very normal,” says ETF analyst James Seyffart. Bitcoin exchange-traded funds (ETFs) having days of zero inflows is completely normal and shouldn’t be misinterpreted as a failure of the products themselves, says Bloomberg ETF analyst James Seyffart. On most days, the…
Read more
Bitcoin miner selling could last for four to six months after the halving, amounting to as much as $5 billion worth, according to an analyst. There could be a large outflow of Bitcoin BTC tickers down $62,660 from miners in the months following the Bitcoin halving as in previous cycles, according to a market analyst.…
Read more
The price of Bitcoin has grown 54% since the start of 2024, and only six altcoins from the top 50 have done any better. Only six altcoins among the top 50 tokens by market capitalization have managed to outperform Bitcoin so far this year, as Bitcoin dominance reached a three-year high over the weekend. The…
Read more
Some crypto traders suggest waiting on the sidelines to avoid getting “rinsed by leverage,” as they can always “play catch up later.” Traders with leveraged positions in Bitcoin could be in for a nasty surprise as the cryptocurrency faces a critical crossroads, which could see the price bounce in different directions, analysts warn. “The market was…
Read more
