Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Halving
Bitcoin Halving Inches Closer With Less Than 2,900 Blocks Left
The Bitcoin Halving is fast approaching, with less than 2,900 blocks left before miners’ rewards are cut in half. This event, projected to take place sometime in April, is significant as Bitcoin’s price could enjoy a parabolic move to the upside after it takes place. Bitcoin Halving Set For April 19 Data from Coinwarz shows that the Bitcoin Halving is set to take place on April 19 at Block 840,000. This projection is based on Bitcoin’s current block time average,…
1 year ago
Bitcoin Loses $70K Level, Bitcoin Cash Soars 12% Ahead of Second Halving (Market Watch)
Bitcoin’s price had a relatively quiet weekend before it jumped to just over $71,000 when it was stopped and pushed down by a few grand. Most altcoins are also in the red on a daily scale, with SHIB and UNI losing the most, followed by ADA and AVAX. Bitcoin Rejected at $71K Last week started on a high note for the primary cryptocurrency, which jumped by several grand on Monday and Tuesday and kept climbing on Wednesday to a 15-day…
1 year ago
Bitcoin Halving Approaches: BTC Price Eyes $74K Mark Amidst Market Volatility
The post Bitcoin Halving Approaches: BTC Price Eyes $74K Mark Amidst Market Volatility appeared first on Coinpedia Fintech News As Bitcoin braces for its halving event in just 23 days, according to data, market observers are closely monitoring its price dynamics amidst a period of consolidation. The impending halving, scheduled for April, has sparked renewed bullish sentiment in 2024, further fueled by the approval of Bitcoin ETFs in the United States. As previously seen, cutting mining rewards from 6.25 BTC…
1 year ago
Bitcoin Halving Countdown: BTC Skyrockets to $71,000 Amidst Market Anticipation
As the much anticipated Bitcoin halving is approaching, Bitcoin (BTC) is marking the first day of April by climbing back to $71,000. However, as of writing, Bitcoin has retraced to the $70,500 level. Bitcoin Halving is Now 2,818 Blocks Away This remarkable rally comes as the crypto market’s pivotal event, Bitcoin halving, is now 2,818 blocks away. NiceHash’s countdown reveals that Bitcoin halving is estimated to happen on April 21, 2024. This phenomenon has been widely discussed over the weekend…
1 year ago
Analyst Predicts Bitcoin (BTC) Potential Dip Before Halving; Dogecoin (DOGE) Slowly Gains Momentum; Investors Find Safe Haven in New Coin
A top analyst forecasts a potential Bitcoin dip before the halving event. Dogecoin gains momentum amid ongoing tussle between the bears and bulls. NuggetRush is tipped for a timely 45x surge after its launch. The Bitcoin (BTC) halving is undoubtedly the most anticipated event this year and it is just a few weeks away. Despite excitement nearing a frenzy, a top analyst warned of a potential pullback before the d-day. Still on the top crypto coins, Dogecoin (DOGE), the leading…
1 year ago
Bitcoin Halving is Coming! What to Know About BTC Price in April 2024
The post Bitcoin Halving is Coming! What to Know About BTC Price in April 2024 appeared first on Coinpedia Fintech News With just 20 days remaining until the next halving event, Bitcoin, the leading cryptocurrency, has surged to new heights this week, reaching an impressive $70,447.60. This marks a significant 6.13% increase over the past seven days. However, it’s not all smooth sailing, as it experienced a slight dip of 0.85% in the last 24 hours. Despite this minor setback,…
1 year ago
Bitwise CEO Predicts $11 Billion Drop In Bitcoin Supply Post Halving
Over the last week, Bitcoin (BTC) investors enjoyed much profit as the crypto asset gained 9.34% to trade above $71,000 based on data from CoinMarketCap. Currently, most of the BTC market is highly expectant of the potential large price gains that the current bull cycle could present. However, commenting on the immediate future, Bitwise CEO Hunter Horsley has stated that the upcoming halving event – a key part of the bull cycle – could be the most significant in Bitcoin’s…
1 year ago
New Bitcoin Miner Hardware Unveiled Ahead of the Halving
As the crypto market counts down to the upcoming Bitcoin halving, anticipation surges. This pivotal event, known for cutting the amount of new produced BTC in half, has historically catalyzed monumental price appreciation while impacting the crypto mining industry. Amidst this backdrop, Bitmain seizes the spotlight with its latest innovation — the Antminer S21 Pro — unveiled at the WDMS 2024 conference. New Bitcoin Tech Pre-Halving Revealed The Antminer S21 Pro mining machine is a testament to technological advancement and…
1 year ago
Best Crypto Investments Before the Bitcoin Halving for Notable Gains
The post Best Crypto Investments Before the Bitcoin Halving for Notable Gains appeared first on Coinpedia Fintech News Bitcoin’s upcoming halving event has the crypto community buzzing with speculation. Many believers anticipate that the halving could trigger a major price surge, potentially propelling Bitcoin to unprecedented heights of up to $200,000. Amidst this backdrop of excitement, savvy investors are on the lookout for the best crypto investments to make before the halving, aiming to leverage notable gains from this pivotal…
1 year ago