The chief executive of Crypto.com has warned of some selling coming up as we approach the Bitcoin halving, citing the “buy the rumor, sell the news” strategy. Noting that what’s happening in the bitcoin market currently resembles previous cycles, he stressed: “I personally expect great performance within the next six months.” ‘There May Be Some […]
Asset management firm Bitwise has cautioned that data suggests the upcoming Bitcoin halving is a “sell the news” event. However, the firm explained that the market likely “prices in the short-term impact of the halving but underestimates the long-term impact,” emphasizing that the data “also suggests that, long-term, the halving may be conducive to price […]
On April 28, 2024, the price of bitcoin was coasting along at $62,900 per unit as of 7:28 p.m. Eastern Time (ET). Since then, the price fell below the $62K mark by Monday morning ET, only to climb back above $62,000 by mid-afternoon. It has been nine days since the last halving event and 109 […]
Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded […]
At block height 839,856, the Bitcoin blockchain stands a mere 144 blocks short of the forthcoming reward halving at block height 840,000. Historically, bitcoin’s price has seen substantial increases following prior halving events. However, there are speculations that this occurrence might not follow the previous pattern. This week, the creator of the stock-to-flow (S2F) price […]
Roger Stone, a seasoned Republican political strategist, lobbyist, and former adviser to Donald Trump’s campaign, has endorsed the meme coin TRUMP on X, sparking a 17% increase in its value amid a wider downturn in the cryptocurrency market. Meanwhile, the meme token BODEN experienced a 9% uptick against the U.S. dollar over the last 24 […]
Recent data over a seven-day period ending April 21, 2024, shows that non-fungible token (NFT) sales have declined by 25.48%, totaling approximately $236.96 million. Bitcoin dominated the NFT market this week, contributing $111.8 million to the overall sales since April 14. NFT Sales Tumble This week, NFT revenues fell 25.48% compared to the previous week. […]
Bitcoin's halving event is coming, and it is expected to reach a $35 trillion market cap during it.
A technical analyst has highlighted that bitcoin is approaching “the point where historically the most aggressive part of the bull cycle begins,” forecasting a potential rise to $300,000 for the cryptocurrency. “Unrealistic or not, that gives us a $300,000 projection and is undeniably technical as those are the exact high-to-low measurements at the time it […]
The Bitcoin network completed its fourth “halving” late Friday, reducing the rewards miners earned to 3.125 bitcoins from 6.25.
The cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of $2.23 trillion. Bitcoin reached a daily low of $60,760 per unit, while ether declined to $2,944 per coin. Cryptocurrency Market Loses More Than $400 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […]
Bitcoin halving is a significant event that occurs roughly every four years, marking a gradual slowdown in the Bitcoin production rate; this is done to maintain a maximum limit of 21 million Bitcoin tokens. Around 19 million Bitcoin tokens are circulating, with the limit expected to be exhausted by 2140.The halving event plays a vital role in the Bitcoin market, often leading to a rally before the event. This year, prices were boosted by the U.S. Securities and Exchange Commission's decision to...