One widely followed crypto analyst is getting granular about the phases of a Bitcoin (BTC) halving. Every four years, BTC rewards for miners are cut in half, an event known as the halving. BTC’s most recent halving occurred just one week ago on April 19th. BTC’s price has changed little in the seven days since. […]
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Crypto investor Brian Kelly thinks Bitcoin (BTC) has hit a bullish intersection of rising demand and reduced supply. In a new interview on CNBC’s Fast Money, the founder and CEO of digital asset investment firm BKCM says seeing bigger brokerage firms jumping into Bitcoin will have a bigger impact than the recent BTC halving. “So […]
The post Pent-Up Bitcoin Demand Could Come From Morgan Stanley and Other Institutions: Investor Brian Kelly appeared first on The Daily Hodl.
Amid Middle East tensions, Bitcoin's value drops by 6%, underperforming as a safe-haven asset compared to gold and the US Dollar's rally.
The post Bitcoin fails to draw safe haven flows amid Middle East crisis: Kaiko appeared first on Crypto Briefing.
Glassnode advises Bitcoin investors to moderate their expectations for the upcoming halving, citing historical data and diminishing returns.
The post Bitcoin investors to moderate price expectations post-halving: Glassnode appeared first on Crypto Briefing.
Pre-halving Bitcoin miner reserve sales and the U.S. spot ETFs have mulled any negative Bitcoin price action after the halving, says Bitfinex.
Bitcoin (BTC) miners were selling their reserves ahead of the halving and the spot exchange-traded funds (ETFs) in the United States may have “spread out the potential selling pressure,” which helped avoid a sharp price drop alongside the event, said Bitfinex.
“It appears that miners have executed their selling in advance, which has turned out to be advantageous for the market in the short term,” the crypto exchange wrote in its April 22 weekly market report.
It cited CryptoQuant data showing that in March, a daily average of 374 BTC was sent by miners to exchanges — an over 70% fall from February’s 1,300 BTC daily average, equivalent to $86.4 million.
The SEC's approval of Bitcoin ETFs has transformed the market, with inflows supporting prices and altering post-halving dynamics.
The post Bitcoin on-chain metrics are “decidedly positive” after the halving, highlights Bitfinex report appeared first on Crypto Briefing.
Spot Bitcoin ETFs initially recorded inflows that significantly outpaced the daily mining output, but demand seems to have slowed.
Demand for the newest Bitcoin investment products is slowing down as the world’s first cryptocurrency went through its fourth “halving” event.
Spot Bitcoin exchange-traded funds (ETFs) became a benchmark for institutional investments in Bitcoin (BTC) after launching in January 2024.
The 11 spot Bitcoin ETFs approved by United States regulators in January collectively managed over $13 billion in inflows within a couple of months of launching. Gold ETFs took years to accomplish the same feat.
Bitcoin memes keep flowing as one of the year's biggest success stories adds to the sense of fate around the 2024 halving.
Bitcoin (BTC) is supplying some classic memes this week — and it goes beyond the “4/20” halving date.
Thanks to the success of the spot Bitcoin exchange-traded funds (ETFs), market observers are celebrating a halving which has been “almost too perfect.”
BTC price action may be firmly sideways this halving, but its timing is giving some a feeling that it was all meant to be.
Bitcoin whales gobbled up more than $1 billion worth of BTC amid the top crypto asset’s price dip on Thursday, according to the crypto analytics firm IntoTheBlock. IntoTheBlock notes that whales holding more than 0.1% of the total BTC supply collectively accumulated 19,760 Bitcoins worth $1.235 billion, at an average price of $62,500 per coin. […]
The post Whales Gobble Up $1,235,000,000 Worth of Bitcoin Amid BTC’s Price Dip on Thursday: IntoTheBlock appeared first on The Daily Hodl.
Bitcoin (BTC) demand dropped before the halving, according to the crypto analytics firm CryptoQuant. The firm notes that investors took profits ahead of the halving event, which happened on Friday night and slashed Bitcoin’s block rewards from 6.25 BTC ($398,134) to 3.125 BTC ($199,067). “Traders in the perpetual futures market are locking in gains amid […]
The post Bitcoin (BTC) Demand Dropped Prior to Halving, According to Crypto Analytics Firm CryptoQuant – Here’s Why appeared first on The Daily Hodl.
