On-chain data shows that, for the first time in history, Bitcoin miners require more than 1 EH/s of daily computing power to mine just 1 token of the asset. Bitcoin Hashcoin Has Set A New All-Time High Now As explained by CryptoQuant head of research Julio Moreno in a post on X, the BTC Hashcoin […]
Bitcoin remains shaky when writing, down 13% from its all-time high. However, despite the short-term uncertainty, one analyst on X remains bullish on the world’s most valuable coin, citing current developments from a technical perspective. Is Bitcoin Inside A Wyckoff Re-accumulation Phase? Taking to X, the analyst believes Bitcoin might be forming a Wyckoff Re-accumulation pattern […]
The fourth Bitcoin halving has now been completed and crypto investors look forward to its outcome in terms of the price of Bitcoin and other cryptocurrencies. As the biggest crypto asset, the price of most altcoins are largely correlated with Bitcoin’s, making the halving event very important to all investors. According to Matt Hougan, CIO […]
Following the much-anticipated Bitcoin halving, investors and analysts are now divided over its potential impact on the cryptocurrency market. With historical data serving as a guide, experts offer contrasting viewpoints on whether the event will trigger a surge in Bitcoin prices or lead to a sell-off. Bullish Outlook: Historical Trends, Institutional Interest Fuel Optimism Matt […]
Bitcoin has now successfully undergone its fourth halving event, with miners’ block rewards slashed in half again (from 6.25 to 3.125 BTC). The Bitcoin halving (also called “the halvening”) is programmed to happen every 210,000 blocks – approximately every four years. With miners set to receive 50% fewer BTC, the rate of Bitcoin creation will […]
The air crackles with anticipation as the Bitcoin network hurtles towards its fourth halving event, expected within the next few hours. This pre-programmed phenomenon cuts the block reward for miners – the number of new Bitcoins generated for verifying transactions – in half. While some see it as a recipe for another digital gold rush, […]
Famous acclaimed author and investor Robert Kiyosaki has publicly endorsed Cathie Woods’ Ark Invest audacious prediction on Bitcoin, demonstrating a noteworthy agreement of viewpoints toward the potential for the crypto asset to reach unprecedented heights. This unity is evidence of the increasing number of people in the financial community who are confident that the asset […]
The cryptocurrency world is abuzz with anticipation as Bitcoin (BTC) trades near its all-time high, inching closer to a potential record-breaking run. This bullish sentiment comes on the heels of a significant price surge in March, which saw BTC peak at $73,805. However, analysts believe the best may be yet to come, with the highly […]
Bitcoin is changing hands at around a three-week high when writing following refreshing gains on April 8. With the coin trading higher and above previous resistances, now support, analysts on X are upbeat. In a post, one analyst said the recent dip before the upcoming Halving could be the final fire sale of 2024 before ordinary […]
With the Bitcoin halving coming soon, miner expenses are about to change. Here’s, in numbers, how the floor prices would stand for popular rigs. Bitcoin Halving And Its Influence On Floor Prices Of Mining Machines The halving is a periodic event on the Bitcoin network where the block rewards received by the miners for successfully […]
The Bitcoin Halving event, which will cut miners’ rewards in half, is set to take place in mid-April. Once that happens, the crypto community will have its eyes on specific predictions that have been projected to be actualized after the Halving event. Where Is Bitcoin Headed After The Halving? Crypto analysts have given varying opinions […]
On-chain data shows the Bitcoin difficulty has seen a drop in the latest network adjustment, suggesting the miners have stopped their expansion. Bitcoin Difficulty Drops 1% As Hashrate Remains Flat The “difficulty” is an in-built feature of the Bitcoin network that controls how hard the miners would find it to find blocks on the chain […]