Bitcoin

The post BEFE Coin: Unleashing Wealth Potential Post Bitcoin Halving appeared first on Coinpedia Fintech News Bitcoin halving has been associated with the rise of the crypto market since the beginning. It has been an effect for the last three bitcoin halving that the crypto market saw a bull run in the same or consecutive year. The crypto market has already been witnessing a bull run and now with this news, people are looking for the right currency to put…

Bitcoin miners have struck a proverbial goldmine, reaping an astonishing $107 million in profits, according to data from Glassnode, a leading analytics platform. This unprecedented windfall, amassed on April 20th, underscores a significant shift in the revenue dynamics of Bitcoin mining operations. The meteoric rise in transaction fees serves as a bellwether for the evolving economic landscape of Bitcoin mining. As the network adapts to new market demands and technological advancements, transaction fees have emerged as a crucial revenue stream…

As the 2024 bull run continues, investors increasingly seek the next stable and potentially lucrative alternative to Bitcoin.   The 2024 bull run has exposed some altcoins as stable and potentially lucrative alternatives to Bitcoin. Numerous altcoins such as PawFury ($PAW), Ethereum ($ETH), Solana ($SOL), Arbitrum ($ARB) and Aptos ($APT) have emerged as excellent investment alternatives to Bitcoin.  The 2024 Bull Run Beyond Bitcoin While the 2024 bull run continues to show us the potential of the broader crypto market…

The Israeli retaliation against Iran now done and dusted, and the Iranians having declared it not worth answering, bitcoin and the crypto market are continuing to rally. As the threat of war recedes, bitcoin heads towards the top of its bull flag and a potential breakout to new all-time highs. Strikes to save face now over? It seems that the Israeli Defence Force (IDF) did just enough last Friday in its limited strike against Iranian targets in order to save…

The vast majority of people still sit on ‘money’ in the bank, completely unaware of how it is a melting ice cube. Bitcoin is hard money, meaning that it is scarce and cannot be printed into existence at the whim of central banks. The day is coming when people will realise that Bitcoin can save them - but how long before that penny drops? For those of us who know about Bitcoin, and who are aware of the perils of…

In the wake of the latest Bitcoin halving event, a significant shift in the cryptocurrency mining landscape is emerging, according to a recent report by CoinShares. As the halving reduces the rate of Bitcoin supply growth by 50%, miners are confronted with soaring operational costs, prompting some to consider alternative revenue streams such as artificial intelligence (AI). Post-Halving Spike: Bitcoin Mining Costs to Reach $53,000 The report highlights a nearly doubling of mining costs, projecting that the average cash cost…

Bitcoin’s price has been consolidating over the last few weeks after a failure to break above the $75K mark. Yet, things might be about to change. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart On the daily chart, the price is still trapped between the $60K and $68K levels, failing to break out to either side. That said, during the past few days, the bulls have made considerable progress and have been able to push the BTC price closer…

Following the successful completion of the long-awaited fourth Bitcoin halving on April 20, miners’ struggle for profitability has begun. The event reduced block rewards from 6.25 BTC to 3.125 BTC, slashing the amount of assets produced daily. This has greatly affected miners’ profitability as they would rely more on transaction fees and higher BTC prices to stay afloat. Struggle for Profitability According to Jag Kooner, the Head of Derivatives at crypto exchange Bitfinex, Bitcoin miners are expected to face increased…

Bitcoin price recovered and climbed above the $64,000 resistance zone. BTC is now facing hurdles near the $65,500 and $66,000 levels. Bitcoin is now struggling to gain pace for a move above the $65,500 resistance zone. The price is trading above $64,000 and the 100 hourly Simple moving average. There is a key contracting triangle forming with resistance at $65,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if…