Halving

With the fourth Bitcoin halving approximately 15 days away, miners are focused on increasing their profitability before their block rewards are significantly reduced. Although some Bitcoin mining companies have increased their selling activity, they still face challenges like lower transaction fees, increasing mining competition, and the need for higher computing power to produce the same amount of BTC. Miners Struggle to Sustain Profitability The reduction of Bitcoin block rewards from 6.25 BTC to 3.125 BTC will significantly affect miners. Their…

Bitcoin began 2024 with a blast gaining by over 73% in the first quarter of the year to establish a new all-time high price of $73,750. And although BTC soon declined from this value following a turbulent price movement in the last month, its biggest stakeholders have shown a consistent accumulation trend throughout the first three months of 2024, indicating a high confidence in the asset’s profitability ahead of the upcoming halving event.  Bitcoin Whales Acquire $21.6 Billion BTC, Boost…

The Bitcoin halving takes place approximately every four years and is a built-in mechanism to slow down the process of creating new BTC so that the last one will be mined over a hundred years from now, even though more than 19.6 million are already in existence. When the production speed is reduced, while the demand for the asset remains the same or increases, in theory, its price should rise. So far, the three previous BTC halvings have indeed served…

Bitcoin Cash has witnessed a rally in the past week, reaching its highest level since 2021 as it approaches the $700 mark. With the recent halving reducing scarcity and bullish sentiments rising, this has been viewed as a precursor for the upcoming Bitcoin halving. The highly anticipated Bitcoin Cash halving has successfully taken place this week. As confirmed by the Bitcoin Cash developers and community, this event has led to the block reward from 6.25 to 3.125 BCH. This bolsters…

The world of cryptocurrency continues to be a hotbed of activity, with regulatory bodies like the SEC (Securities and Exchange Commission) struggling to keep pace with innovation. A recent point of contention centers around Ethereum (ETH), the second-largest cryptocurrency, and its potential for spot-traded ETFs (Exchange-Traded Funds). The SEC has expressed worries about potential fraud and manipulation within the Ethereum ecosystem, but blockchain giant Consensys is firing back, arguing that Ethereum’s security measures surpass those of Bitcoin (BTC). This debate…

This week was quite a volatile rollercoaster for the primary cryptocurrency and the rest of the market, perhaps driven by actions undertaken by the US government. Recall that BTC’s price had stalled at around $69,000 last Friday as the bulls had failed to overcome the $70,000 level. Following a relatively quiet weekend, in which BTC stayed at around the same levels, it went on the offensive once again on Monday to over $71,000. However, Bitcoin failed to overcome that resistance…

Solana has gained 45% in the past month, but experts predict it will skyrocket over the next month, gaining 227% to trade at $615, its highest price ever. Analysts point out that Bitcoin’s upcoming halving is going to boost altcoins as investors seek alternatives from the top crypto, and SOL has stood out over the past six months among the altcoins. Solana has had an outstanding bull market. Just six months ago, SOL was trading at $19, but since then,…

Bitcoin halving events often lead to significant shifts in the cryptocurrency market, influencing not only Bitcoin but many alternative coins as well. Understanding these connections is crucial for investors hoping to maximize their gains during the current market upswing. With careful analysis of past trends and strategic investment choices, investors can potentially ride the bull wave that these cycles tend to create. This article explores how to identify promising altcoins that could offer substantial returns in light of the upcoming…

The Bitcoin halving event has been scheduled to take place in the next 15 days. Based on historical data, it could trigger a bull run that would last months, setting new price peaks. Crypto data analytics platform Kaiko believes BTC could record a new top within nine to twelve months after the event on April 20. Bitcoin’s Rally Post-Halving Kaiko explained that the short-term price impact of Bitcoin halving events has been mixed in the past, but historical data has…