Halving

Crypto expert Michaël van de Poppe has provided insights into what to expect when the Bitcoin halving occurs on April 19. As part of his analysis, van de Poppe suggested that the attention might shift from Bitcoin once the event occurs.  A Narrative Shift To Occur Post-Halving Van de Poppe mentioned in an X (formerly Twitter) post that narratives will change as the halving event approaches but failed to specify what the new narrative will be when this happens. However,…

As the cryptocurrency community excitedly awaits the impending Bitcoin halving, Bitwise Chief Executive Officer (CEO) Hunter Horsley has weighed in on its impact on BTC, predicting that the event could potentially propel prices to $100,000 or even higher. Horsley expressed his optimistic outlook toward the upcoming Bitcoin Halving on the X (formerly Twitter) platform. Every four years, the Halving has historically been linked to greater price increases, and Horsley’s upbeat view indicates that this cycle might be no different from…

While the cryptocurrency market is known for its volatility and unpredictability, certain factors or events in the market can alter the trajectory of any token either positively or negatively. One such event is the Bitcoin halving, a quadrennial event that sees the supply of Bitcoin as well as miners’ reward cut into half. In other words, this phenomenon involves the halving of the circulating Bitcoin in supply in an attempt to curb inflation so as to maintain scarcity for the…

The Bitcoin halving is casting its huge shadow over the crypto market, as investors await for the bull run it ushers in. Crypto enthusiasts are tripping over themselves by taking out early positions in projects with the potential to turn in outsized returns on investment in the next bull market. Meme coins have been the most rewarding investments thus far, as evidenced by the rise of Dogwifhat. However, industry analysts are most bullish on the prospects of Raboo, which is…

Bitgert is growing at a pace that the crypto world had not witnessed before and people are talking about this all around the globe. The Bitgert chain has already gained over 600k members and completed over 25M transactions on the chain. Bitcoin, on the other hand, is losing its edge now as the token is getting criticism for old technology. Bitgert’s BRISE coin, the native token, is gaining traction in the market for being the most sought-after token. This is…

As the Bitcoin (BTC) community anticipates the upcoming halving event, cryptocurrency whale behavior – investors holding large amounts of Bitcoin – has been intensely scrutinized. Analysts and market observers are keen to understand how these major players are positioning themselves ahead of a milestone that historically impacts Bitcoin’s price and market dynamics. Despite Bearish Conditions, Whales are Buying Recent data from blockchain analytics platforms like CryptoQuant and Santiment reveals a notable shift in whale activity. According to a tweet from…

Bitcoin’s fall to $61,000 over the weekend was a result of market participants reducing their exposure to the digital asset ahead of the halving slated for April 20, according to the latest CryptoQuant weekly report. Analysts said traders closed their long positions to take profits, and now, the volume of sell orders in the perpetual futures markets is dominating buy orders. This is evident in the Buy Sell Ratio, which has declined below one. The ratio rallies above one when…

For the past four days, fees paid by users on Bitcoin have exceeded those on Ethereum, according to data from Cryptofees, a data analytics platform. This surge in Bitcoin transaction fees has been associated with the growing anticipation surrounding the upcoming halving event and the Runes upgrade. Bitcoin Fees Surpasses Ethereum for 4 Consecutive Days On April 18, Bitcoin fees totaled $6.81 million compared to $5.04 million in Ethereum. On the other hand, Bitcoin miners collected $7.47 million in fees,…

The post The Halving Effect: Analysing The Impact on Bitcoin Dominance appeared first on Coinpedia Fintech News The 2024 Bitcoin halving is just a day away, sparking excitement among crypto fans. Although it is not the first time Bitcoin is preparing for halving, many expect this fourth halving to be more significant. One big reason is the changing crypto landscape. Unlike before, there is a surge in alternative cryptocurrencies or Altcoins. At present, the dominance of Bitcoin in the cryptocurrency…