Halving

The cryptocurrency market is looming towards a bull run expected to trigger following the Bitcoin halving event. The slashing of Bitcoin mining rewards has always been crucial for the crypto market; it makes BTC price pumps aggressively. And wherever the flagship crypto leads, the broader crypto market follows. It attracts investors' interest who go out to hunt the top gainers to take maximum benefits out of their investments.  We are looking at yet another Bitcoin halving around the corner, approaching…

Litecoin faces a significant obstacle at the $90 mark, where it has encountered resistance despite the growing number of users. This growth of 90,000 LTC holder wallets in March alone suggests a burgeoning user base and signals fresh capital entering the ecosystem. The Litecoin (LTC) price has been seeing some strong uptick in recent times with 12% gains over the last week. However, LTC is currently facing a major hurdle at $90, from where it has reversed its trajectory. But…

Bitcoin, the world’s most valuable coin, is once again deviating from historical norms. According to an analysis by one crypto analyst, the coin is in the “overbought” territory of the Relative Strength Index (RSI) for the first time in the lead-up to halving. The RSI is a popular technical indicator analysts use to gauge the price momentum of traded instruments.  Bitcoin Overheating? RSI Stands Above 70 The analyst points out that the Bitcoin RSI on the monthly chart is currently above 70,…

The anticipation surrounding Bitcoin’s upcoming halving has sparked a notable shift in investors’ sentiment. Goldman Sachs, for instance, is witnessing a surge in interest from its hedge-fund clients towards the crypto market. This resurgence in enthusiasm is not limited to the speculative individual investor but extends to the sophisticated institutional investors. Goldman Sachs Investors Want to Bet on Bitcoin Max Minton, Goldman Sachs’ Asia Pacific Head of Digital Assets, said that the approval of Bitcoin exchange-traded funds (ETFs) has reignited…

As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway. This migration is driven by the need to maintain profitability due to reduced mining rewards and escalating operational costs. US Bitcoin Miners Prepare for Halving According to a Bloomberg report, approximately 6,000 aging Bitcoin mining machines are set to be decommissioned in the U.S., with plans to refurbish and resell overseas, particularly in…

Bitcoin's value soared to an unprecedented high this year, breaching the $73,000 mark. This surge comes as the cryptocurrency community anticipates the next Bitcoin halving in April—a critical event that will significantly reduce the creation of new Bitcoin, potentially propelling its value even further. Understanding the Forthcoming Bitcoin Halving At the core of Bitcoin's design is a mechanism that ensures a steady, predictable influx of new coins into the market, controlled by its original coding. This process involves Bitcoin miners,…

As the cryptocurrency market edges closer to the anticipated Bitcoin halving on April 25, 2024, supply and demand dynamics set the stage for a parabolic bull run. Unlike previous cycles, this year signals a departure, fueled by growing institutional adoption and expanding use cases, painting a bullish picture for Bitcoin. Why the Halving Positions Bitcoin in a Parabolic Bull Run The approval and success of spot Bitcoin exchange-traded funds (ETFs) have marked a historic milestone in the crypto’s journey. Since…

CEO and co-founder of Real Vision Group and Global Macro Investor Raoul Pal said macro and crypto summer has already started in a post on X on March 25. The prediction is part of his ‘Everything Code’ thesis that explains market movements due to macroeconomic influences. It is all driven by liquidity, which bottomed at the end of 2022, he said before adding that “macro summer and fall are all about liquidity rising,” and liquidity should rise “all the way…

Anonymous payment network Zcash (ZEC) recently had its halving where rewards are reduced by half. This major development is set to change the dynamics of the privacy coin. Zcash Undergoes First Halving Just like Bitcoin (BTC), Zcash uses a periodic mechanism to control inflation on its blockchain called ‘’Halving’’. Halving reduces the mining rewards generated by miners and helps to reduce inflation. Until yesterday, 6.25 ZEC were generated from each block. Since the halving, miners will only be rewarded with…