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Bitcoin miner revenues dwindle as halving erodes mining volumes: Bitbo

Coin Telegraph
Bitcoin miner revenues dwindle as halving erodes mining volumes: Bitbo
AI

Mining revenues hit 12-month lows in August, according to Bitbo.

Bitcoin (BTC) miners saw mining revenues dwindle to 12-month lows as the Bitcoin network’s April halving continues to erode mining output and, in turn, revenues, according to data from Bitbo, a Bitcoin dashboard. 

Monthly BTC mining revenues declined to approximately $827 million in August 2024, according to Bitbo. That’s lower than any month since September 2023 and far below pre-halving peaks of almost $2 billion in March 2024. 

Roughly every four years, a halving event hardcoded into the Bitcoin network cuts the number of BTC mined per block in half. The April halving reduced mining rewards from 6.25 BTC to 3.125 BTC per block.

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Trader Says Old Halving-Based Bitcoin Cycles Have Likely Ended, Sees BTC Price Behaviour Drastically Changing

The Daily Hodl
Trader Says Old Halving-Based Bitcoin Cycles Have Likely Ended, Sees BTC Price Behaviour Drastically Changing
Bitcoin
Trader Says Old Halving-Based Bitcoin Cycles Have Likely Ended, Sees BTC Price Behaviour Drastically Changing

A widely followed crypto investor thinks that Bitcoin’s (BTC) old cyclical pattern based on its four-year halving schedule is no longer valid. Pseudonymous analyst Jack Sparrow tells his 251,100 followers on the social media platform X that crypto market participants are heavily relying on previous price patterns based on the four-year halving cycle. According to […]

The post Trader Says Old Halving-Based Bitcoin Cycles Have Likely Ended, Sees BTC Price Behaviour Drastically Changing appeared first on The Daily Hodl.

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Crypto Trader Says Solana Rival Could Surge by 30%, Updates Outlook on Bitcoin, Polygon and Aave

The Daily Hodl
Crypto Trader Says Solana Rival Could Surge by 30%, Updates Outlook on Bitcoin, Polygon and Aave
Aave
Crypto Trader Says Solana Rival Could Surge by 30%, Updates Outlook on Bitcoin, Polygon and Aave

A closely followed crypto analyst says that one competitor of Solana (SOL) could skyrocket by 30% while updating his outlook on Bitcoin (BTC) and other digital assets. In a new strategy session, crypto trader Ali Martinez tells his 69,600 followers on the social media platform X that one key metric is flashing a buy signal […]

The post Crypto Trader Says Solana Rival Could Surge by 30%, Updates Outlook on Bitcoin, Polygon and Aave appeared first on The Daily Hodl.

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

DeFi Altcoin Curve (CRV) Outpaces Crypto Market and Surges 30% This Week Amid Massive Inflation Rate Cut

The Daily Hodl
DeFi Altcoin Curve (CRV) Outpaces Crypto Market and Surges 30% This Week Amid Massive Inflation Rate Cut
Altcoin
DeFi Altcoin Curve (CRV) Outpaces Crypto Market and Surges 30% This Week Amid Massive Inflation Rate Cut

A decentralized finance (DeFi) altcoin is outperforming the broader crypto market this week, sparking a 30% surge amid inflation rate cuts. In a new blog post, DeFi protocol Curve Finance (CRV) says that for its fourth birthday, it is undergoing one of the most significant emissions reductions in its history, one that ends all emissions […]

The post DeFi Altcoin Curve (CRV) Outpaces Crypto Market and Surges 30% This Week Amid Massive Inflation Rate Cut appeared first on The Daily Hodl.

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

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Less Than 50% of Market Participants Remain Bullish on Crypto After the Bitcoin Halving: CoinGecko

The Daily Hodl
Less Than 50% of Market Participants Remain Bullish on Crypto After the Bitcoin Halving: CoinGecko
Bearish
Less Than 50% of Market Participants Remain Bullish on Crypto After the Bitcoin Halving: CoinGecko

Fresh insights from crypto data aggregator CoinGecko show that sentiment among market participants is split following the most recent Bitcoin (BTC) halving. In a new survey, CoinGecko polled 2,558 crypto participants from around the world between June 25th and July 8th, the majority of them saying they are long-term digital asset investors. According to the […]

The post Less Than 50% of Market Participants Remain Bullish on Crypto After the Bitcoin Halving: CoinGecko appeared first on The Daily Hodl.

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Here’s When Bitcoin Could Reach Its Cycle Peak if History Repeats Itself, According to Crypto Analyst

The Daily Hodl
Here’s When Bitcoin Could Reach Its Cycle Peak if History Repeats Itself, According to Crypto Analyst
Bitcoin
Here’s When Bitcoin Could Reach Its Cycle Peak if History Repeats Itself, According to Crypto Analyst

A widely followed crypto analyst says that he’s identified when Bitcoin (BTC) could reach its cycle high if history were to repeat itself. In a new strategy session, crypto trader Rekt Capital tells his 481,200 followers on the social media platform X that the top crypto asset by market cap tends to peak 518-546 days […]

The post Here’s When Bitcoin Could Reach Its Cycle Peak if History Repeats Itself, According to Crypto Analyst appeared first on The Daily Hodl.

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Peter Brandt Predicts Bitcoin Bull Market With BTC Potentially Reaching $150,000

Bitcoin.com
Peter Brandt Predicts Bitcoin Bull Market With BTC Potentially Reaching 0,000
ATH
Peter Brandt Predicts Bitcoin Bull Market With BTC Potentially Reaching 0,000Veteran trader Peter Brandt has emphasized the symmetry in bitcoin bull market cycles, suggesting the next peak may occur in late August or early September 2025, with the price of bitcoin potentially reaching $150,000. However, Brandt remains cautious, assigning a 25% probability that the cryptocurrency has already peaked this cycle. ‘The High of This Bull […]
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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Bitcoin post-halving run may reach $130K by September 2025

Coin Telegraph
Bitcoin post-halving run may reach 0K by September 2025
Bitcoin

Trader Peter Brandt says Bitcoin’s bull run is following similar past post-halving cycles, and if it holds it could reach $130,000 by late next year.

Bitcoin (BTC) could reach a cycle peak of $130,000 to $150,000 between late August to early September if it follows the trajectory of previous post-halving bull markets, according to crypto trader Peter Brandt.

The recently-passed April 20 Bitcoin halving is a coded-in event about every four years that slashes mining rewards by 50%, and halving dates have “represented almost perfect symmetry within past bull market cycles,” Brandt wrote in a June 2 report.

He claimed historically, the Bitcoin halving date has sat almost in the middle of when a bull market starts and when it reaches its peak.

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter

Bitcoin.com
Novogratz Predicts Bitcoin Trading Between K-K This Quarter
Bitcoin
Novogratz Predicts Bitcoin Trading Between K-K This QuarterBitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere between $55,000 and $75,000 until the next set of circumstances, the next set […]
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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Crypto Trader Says Bitcoin Is out of the Post-Halving ‘Danger Zone’ – Here’s His Outlook

The Daily Hodl
Crypto Trader Says Bitcoin Is out of the Post-Halving ‘Danger Zone’ – Here’s His Outlook
Bitcoin
Crypto Trader Says Bitcoin Is out of the Post-Halving ‘Danger Zone’ – Here’s His Outlook

A cryptocurrency analyst and trader believes Bitcoin (BTC) is no longer at risk of a further market correction. The analyst pseudonymously known as Rekt Capital tells his 76,900 YouTube subscribers that based on historic precedence Bitcoin has left the phase, or “danger zone,” when there is a likelihood of a dip below its range low […]

The post Crypto Trader Says Bitcoin Is out of the Post-Halving ‘Danger Zone’ – Here’s His Outlook appeared first on The Daily Hodl.

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

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