Bitcoin Sees Longest Miner Consolidation Period Since Trading Near $16K
While the effects of the fourth halving slowly set in, Bitcoin miners appear to be selling less and holding onto more BTC after the recent block reward reduction. In fact,…
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BitMEX Founder Arthur Hayes Sees Bitcoin’s Price Slump as Market Cleansing
Experts now suggest that bitcoin may have reached a local bottom and will gradually recover over the coming months. BitMEX founder Arthur Hayes, for one, noted that the leading cryptocurrency…
Prepare for a Bitcoin Chop Before the Positive Impacts of the BTC Halving Take Place: Bitfinex
Bitcoin is struggling to climb above the $60,000 mark after a devastating downtrend this week. Bitfinex analysts have shared their latest insights on BTC for May, predicting that the world’s…
US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024
Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company’s CFO, revealed that ARLP…
Here’s When BTC Price Will Tap $500K: PlanB’s S2F Model Remains Unfazed Amid Market Correction
Bitcoin had a rough start in May as its upward trajectory appears to have reached its peak after a bullish quarter. However, prominent crypto analyst PlanB predicts that the average…
Runes Daily Tx Fees Drop by 98.4% to $1.03 Million Post-Halving: Glassnode
According to Glassnode data, Runes transactions generated $117 million in cumulative Bitcoin network fee revenue post-halving, with $62.4 million amassed on the day of the halving itself. However, this rise…
Rare ‘Epic Sat’ from Bitcoin’s Fourth Halving Block Sold for Over $2 Million
An “epic sat,” an extremely rare satoshi (the smallest unit of Bitcoin) from the network’s fourth halving block, was recently sold for over $2 million. On April 25, the crypto…
Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC
In the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average…
This Metric Predicts Sustained Bitcoin Price Gains By 2024’s End: Kaiko
Following Bitcoin’s recent halving event, market analysts are closely eyeing the role of liquidity in shaping the cryptocurrency’s trajectory over the coming months. According to insights from Kaiko, the strengthening…
Investors Should Ground Expectations Post-Bitcoin Halving: Glassnode
Bitcoin’s fourth halving has sparked speculation about significant price surges, but Glassnode, an analytics firm, advises that investors should “ground expectations” based on historical data. The Bitcoin halving happened less…