Bitcoin

With less than 1,660 blocks left to mine, the Bitcoin (BTC) halving event is upon us. According to CoinMarketCap, it is expected to happen around April 20th 2024. UNUS SED LEO (LEO) and Aptos (APT) holders are structuring their portfolios ahead of the event with the Fear and Greed Index registering 76. A UNUS SED LEO (LEO) whale recently made a huge investment into Kelexo (KLXO), sparking discussion in the crypto space. This new venture pioneers a new use case…

Following a dramatic spike, Bitcoin transaction fees have significantly decreased, settling at levels that provide relief to users. Last week, the network witnessed fees soaring to unprecedented heights, with medium-priority transactions hitting over $146 and high-priority ones reaching $170. However, recent data indicates a steep decline. Bitcoin Transaction Normalize Post-Halving The Bitcoin mempool, which holds all valid transactions awaiting network confirmation, currently lists the transaction fees for medium and high-priority transactions at $10.85 and $11.32, respectively. This reduction comes after…

The Bitcoin halving event has come and gone, leaving investors wondering what’s next for the world’s largest cryptocurrency. However, in an exciting twist, the AI model ChatGPT has weighed in with its analysis – and provided a post-halving price prediction for BTC. Bitcoin Shows Signs of Life After Halving Event Bitcoin is showing signs of life after a bearish period last week. The coin is now trading at $65,860, up over 4% since the halving and 10% from Friday’s lows.…

Bitcoin layer 2 solution tokens have demonstrated superior performance to BTC following the highly anticipated halving of the mining reward on the blockchain. Since the event, these tokens have surged by 5% to 20%, outpacing the top crypto by market cap. Stacks (STX) Takes Center Stage According to CoinGecko data, the market cap for Bitcoin layer 2 solutions is $4.3 billion, marking a 5.6% increase in the past 24 hours. Meanwhile, the trading volume is $184 million. Stacks (STX), a…

The average Bitcoin transaction fee dropped on Sunday after reaching a record high the day before. Following the much-anticipated halving, the average fee per Bitcoin transaction hit a record high of $128.45 stemming from Runes. However, data from YCharts revealed that the figure subsequently fell to $34.8 million on April 21. Bitcoin Transaction Fees Plunges Bitcoin’s total daily transaction fees on April 20 surged to $81 million, an increase from $7.7 million the previous day. On April 21, the network’s…

Grok AI’s answer to DAI’s query estimates that XRP typically surges by more than 21% in 120 days after each Bitcoin halving event.  This implies that XRP could reach $1.06 in August, but subject to conditions related to the ongoing litigation with SEC, stablecoin launch, etc.  The much-anticipated Bitcoin halving took off on Friday, April 19, 2024, a little after 8:09 p.m. (UTC). ViaBTC mined the 840,000th block on the Bitcoin network to reduce the rate of Bitcoin created every…

Wealth management firms are increasingly integrating Bitcoin ETFs into their portfolios, driven by strong market understanding and a robust investment strategy. The competitive landscape in the Bitcoin ETF market is changing, with major players like BlackRock and Fidelity experiencing significant growth in their fund inflows. In a recent declaration via Twitter, Hunter Horsley, CEO of BitwiseInvest, projected a significant increase in Bitcoin ETF holdings by wealth management firms by the end of 2024. Horsley emphasized the unexpected level of adoption…

After a recent market correction that hit Bitcoin, Ethereum, Solana, and other top cryptocurrencies, the market has found some optimism yet again. This interest is of course because of the Bitcoin halving event. It is historically seen and now even investors are positive about a bullish run in the market that is set to change the full Crypto scene. However, it has been seen in the previous Halving events too that only the best coins with amazing growth potential do…

Grayscale introduces the Bitcoin Mini Trust ETF with a remarkably low fee of 0.15%. This strategic launch may influence the Bitcoin price trajectory, potentially driving it toward $80,000. In a recent update from Binance, it was revealed that Grayscale is launching a new investment vehicle, the Bitcoin Mini Trust ETF, boasting the lowest fee among spot Bitcoin ETFs at just 0.15%. This initiative is set to enhance Grayscale’s product offering by reallocating 10% of the assets from the existing Grayscale…