Halving

XRP’s trading volume experiences a remarkable 75% increase, reflecting a resurgence in the cryptocurrency market. XRP’s performance is closely watched as Bitcoin’s substantial rise sets the stage for potential growth, hinting at a possible ascent to the $1 mark in Q2. XRP, currently the sixth-largest cryptocurrency in terms of market capitalization, has witnessed an impressive 88% upsurge in its trading volume, reaching a high of $1.56 billion. This notable increase is part of a broader upswing in the cryptocurrency sector,…

Global investor Dan Tapiero recently shared his optimistic outlook for Bitcoin (BTC), suggesting that the leading cryptocurrency soars above the $200,000 mark might be on the horizon. Tapiero, known for his investment insights and co-founding roles in Gold Bullion International and 10T Holdings, took to X to express this bullish sentiment. Catalyst That Could Drive Bitcoin To $200,000 According to Tapiero, a significant macroeconomic factor is expected to drive Bitcoin’s price to new heights, offering investors an opportunity for substantial…

Despite the reduction in block rewards, Bitcoin Cash saw a notable price surge, reaching levels not seen since 2021, peaking at approximately $700. Following the BCH halving, the network’s mining difficulty surged to its highest level since 2019, reaching 761,589.2. Concurrently, miner rewards decreased from 0.0003 to 0.00017. Bitcoin Cash recently experienced its halving, occurring shortly before Bitcoin’s scheduled quadrennial event. Unlike Bitcoin, this halving was the second occurrence for the Bitcoin Cash (BCH) network. The reduction in block rewards…

The post These Altcoins Are Set To Explode After Bitcoin Halving: Polkadot (DOT), Avalanche (AVAX), NEAR Protocol (NEAR) and BlastUP (BLP) appeared first on Coinpedia Fintech News Bitcoin’s halving event often triggers a market spike, causing other cryptocurrencies to rise. With the anticipated 2024 bull run underway, the focus is shifting to select cryptocurrencies such as Polkadot, Avalanche, NEAR Protocol and new entrant BlastUP. Their potential to soar is attracting attention as investment opportunities in the burgeoning sector grow. BlastUP…

With the 2024 Bitcoin halving on the horizon, investors are eyeing potential gains. This event, known for historically boosting Bitcoin's value, presents a unique opportunity. Explore how this could shape investment strategies and what it might mean for those looking to capitalize on the trend. This guide unpacks the phenomenon and offers insights into navigating the current wave of growth. BlastUP Goes Viral, Raising $4 Million in a Few Weeks BlastUP, the premier launchpad on Blast, has recently made waves…

The post Will ETH Price Reclaim $4K Or Plunge To $3k Ahead Of The Bitcoin Halving? appeared first on Coinpedia Fintech News The cryptocurrency industry continues to display a significant fluctuation in valuation, indicating an increased price action in the market. Further, the leader of altcoins, Ethereum price has gained massive attention from the industry by adding approximately 3% within past hour. With the Bitcoin Halving days away, the consolidated market sentiment indicates the rise in the number of Hodlers…

The post Bitcoin Price Hits $72k Fueled by Upcoming Halving Event appeared first on Coinpedia Fintech News After experiencing a significant resistance level of around $71,500 in the past three weeks, Bitcoin’s (BTC) price has broken out of the micro-falling logarithmic trend on Monday. The flagship coin rallied more than 4.2 percent in the past 24 hours to trade above $72,400 during the mid-London session on Monday. As a result, the global cryptocurrency market cap topped $2.82 trillion, with the…

With the fourth Bitcoin halving just 12 days away, the community is buzzing with anticipation, speculating on the potential for Bitcoin to breach the significant $100,000 threshold. Joe Consorti of Theya Research has offered a comprehensive analysis, diving into the intricacies of Bitcoin’s current market position and the factors that might catapult its value to new heights. This event, a cornerstone in Bitcoin’s design to halve the rewards for mining new blocks every four years, historically triggers a bullish momentum,…

Spot Bitcoin exchange-traded funds (ETFs) have pushed BTC to record highs this year. The inflows via these investment vehicles have been strong. And this trend is likely to continue with the upcoming Bitcoin halving event on April 19th nearing. Investor Interest in Bitcoin ETF Remains Robust According to Santiment’s latest analysis, the volume of spot Bitcoin ETFs has remained strong, showing no signs of slowing down even four weeks after reaching its all-time high. Interestingly, trader activity continues to surpass…