“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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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
