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Bill Miller Explains Why Bitcoin Is Still Undervalued

Bitcoin.com
Bill Miller Explains Why Bitcoin Is Still Undervalued
Bitcoin
Bill Miller Explains Why Bitcoin Is Still UndervaluedBill Miller IV, chairman and CIO of Miller Value Partners, has explained why bitcoin is undervalued despite the cryptocurrency’s recent highs. He emphasized bitcoin’s potential as a revolutionary monetary system superior to fiat currencies, which are subject to human control and debasement. Miller believes bitcoin’s market cap has room for substantial growth. ‘I Believe Bitcoin […]
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Fantom Foundation Commits Over 4,000,000 in FTM to Sonic Labs Accelerator Program

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Bitcoin Runes hype fades, transactions plummet 84%

Coin Telegraph
Bitcoin Runes hype fades, transactions plummet 84%
bitcoin blockchain

Bitcoin Runes protocol caused an initial surge in Bitcoin transactions, exceeding 50% at its peak. Did the hype clog clear out?

The Bitcoin Runes protocol is struggling to maintain its share of Bitcoin transactions. Since its launch on April 20, Runes transactions have dominated Bitcoin blockchain traffic on eight different days, mostly during the weekends.

The Bitcoin Runes launch coincided with the fourth Bitcoin halving. The resultant hype saw transaction volume shoot up on the Bitcoin blockchain. Revenue from Bitcoin (BTC) mining exceeded the $100 million mark for the first time, recording an all-time high daily earnings of $107.7 million.

Transactions attributed to the Runes protocol accounted for over 50% of all Bitcoin transactions until April 24. The peak occurred on April 23, when these transactions represented 81.3% of the bandwidth. However, by May 2, this figure had dropped to 11.1%.

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Fantom Foundation Commits Over 4,000,000 in FTM to Sonic Labs Accelerator Program

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Bitcoin Forming a Price Floor on Its Way to $100,000: Bloomberg Report

The Daily Hodl
Bitcoin Forming a Price Floor on Its Way to 0,000: Bloomberg Report
Bitcoin

Bitcoin (BTC) is likely forming support above the $40,000 level en route to breaking the six-figure mark, according to Bloomberg commodities analysts. In its latest “Crypto Outlook” report, Bloomberg says that traders thinking that Bitcoin is trading between a range of $30,000 and $60,000 may be caught off guard as BTC’s price action progresses. “Bitcoin […]

The post Bitcoin Forming a Price Floor on Its Way to $100,000: Bloomberg Report appeared first on The Daily Hodl.

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Fantom Foundation Commits Over 4,000,000 in FTM to Sonic Labs Accelerator Program

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

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