Bitcoin Miners Accumulating Just Like In 2020: Is BTC Preparing For $100,000?
by Bitcoinist.com
Bitcoinist.com— As the highly anticipated Bitcoin halving event approaches on April 19, a fascinating trend is emerging among miners. Unlike the pre-halving sell-offs witnessed before the Halvings of 2016 and 2020, miners accumulate, going against previous trends. Miners Accumulating Bitcoin In a post on X, one analyst, while citing CryptoQuant data, notes that since the beginning […]
Bitcoin News—Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC – Finance Bitcoin News. Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of […]
Bitcoin News—Halving Milestone: Block 840,000 Mined, Ushering in a New Chapter as Bitcoin Miners Face Shrinking Rewards – Bitcoin News. At 8:12 p.m. ET on Friday, April 19, 2024, the Bitcoin network marked its fourth block reward halving at block height 840,000. Block 840,000 was mined by Viabtc, securing the notable ‘epic satoshi’ for the fortunate mining pool and a 3.125 BTC reward. The Halving Is Now Complete Bitcoin’s latest halving event occurred at block […]
Bitcoinist.com—Bitcoin Accumulating, On Course Of Breaking $74,000 Despite Bear Scare: Analyst. 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 […]